Saudi Arabia's sweets, chocolate investment at $9.3bln

Riyadh accounted for the highest share of factories with 377 factories

  
Image used for illustrative purpose.

Image used for illustrative purpose.

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The investment in the sweets and chocolate industry in Saudi Arabia has reached SR35 billion ($9.3 billion) through 1,066 factories as of mid-July, the Ministry of Industry and Mineral Resources has revealed.
 
A report issued by the National Industrial Information Centre noted that the investment in sweets and chocolate factories constitutes 1.38% of the total investment volume in Saudi factories, pointing out that foreign investments in the sweets industry accounted for 3% of the total investments, while Saudi investors in the sector comprise 92%. The remaining 5% was distributed among joint capitals, an SPA report said.
 
The report showed that the Riyadh accounted for the highest share of factories with 377 factories that represent 35% of the total number of factories, followed by Makkah with 294 factories and Qassim Region with 133 factories.-- TradeArabia News Service

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