1 Day
Source:
الاقتصادية
_1777294237270_124456903.png&w=48&q=75){kind=small}
Saudi restaurants issue 8 million daily bills
The restaurant sector in Saudi Arabia is experiencing sustainable growth, with the market approaching a size of 100 billion riyals, and recording 8 million purchase transactions daily valued at up to 285 million riyals. However, the industry faces a high closure rate of approximately 2,500 restaurants annually due to weak cost management, rising operational costs, and poor rent management. Profit margins typically do not exceed 15-20%, and high commissions from delivery apps impact profitability, especially as food prices increase by up to 50%.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)