PepsiCo has unveiled plans to invest more than SAR 200MM in its Dammam plant, with the multi-million outlay expected to increase the overall capacity of the state-of-the-art facility to meet the increasing local and export demand. In line with Saudi Arabia's Vision 2030 objectives, the investment marks the latest step taken by the global F&B company to enhance the Saudi agricultural sector and boost sustainable food production in the Kingdom. Fully aligned with pep+ — a strategic end-to-end transformation with sustainability at the center of how PepsiCo creates growth and value — the investment was announced and shared with the Minister of Industry and Mineral Resources on the sidelines of the 7th edition Future Investment Initiative, which was held in Riyadh end of October, His Excellency Mr. Bandar Ibrahim AlKhorayef and is slated to be completed in 2024. In keeping with PepsiCo’s mission to transform the Saudi industrial sector, the investment underlines the F&B leader’s commitment to promoting sustainable agriculture practices across the Kingdom. 

About PepsiCo

PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $86 billion in net revenue in 2022, driven by a complementary beverage and convenient foods portfolio that includes Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including many iconic brands that generate more than $1 billion each in estimated annual retail sales.

Guiding PepsiCo is our vision to Be the Global Leader in Beverages and Convenient Foods by Winning with pep+ (PepsiCo Positive). pep+ is our strategic end-to-end transformation that puts sustainability and human capital at the center of how we will create value and growth by operating within planetary boundaries and inspiring positive change for planet and people. For more information, visit www.pepsico.sa, and follow on Twitter, Instagram, Facebook, and LinkedIn @PepsiCo.