19 Hrs
Source:
المدينة
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Food industry valued at 200B Riyals
The food industry in Saudi Arabia has experienced a significant transformation, exceeding a value of 200 billion riyals. It has become a strategic sector that plays a major role in food security and industrial development, with products exported to more than 125 countries. Dependency on local production has increased, with self-sufficiency exceeding 100% in dairy, eggs, and dates. The share of poultry meat has risen from 45% in 2016 to between 70% and 80% currently. The sector includes over 1,900 factories, with exports estimated to surpass 15 billion riyals by 2025. Investments supported by entities such as the Public Investment Fund and the Saudi Export-Import Bank are on the rise, with a focus on improving efficiency through technology and addressing challenges posed by rising raw material and transportation costs, along with intense competition.
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