Ministry of Industry says local food sector investments reach SAR 94 bln

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Saudi Arabia's Ministry of Industry and Mineral Resources stated that investments in the local food industry amount to more than SAR 94 billion, representing 7% of the industry sector's total investments, Al Eqtisadiah newspaper reported.

 

It added that the foodstuff plants dominate 11.35% of the Kingdom's total number of plants that amounted to 1,294 until August 2022, compared with 1,201 a year earlier.

 

Meanwhile, a total of 163 industrial licenses were issued during the first eight months of 2022, compared with 287 a year before.

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