$9.3m invested in confectionery industry in Saudi Arabia

Published 25 Jul,2021 via Arab News - Economy RIYADH - Saudi Arabia Ministry of Industry and Mineral Resources revealed that the volume of investment in the Kingdom’s confectionery industry reached SR35 million ($9.3 million) as of July 15, 2021.

The ministry said the funds were pumped into 1,066 factories in the Kingdom.

A report recently issued by the National Center for Industrial and Mining Information indicated that investments in sweets and chocolate factories constitute 1.38 percent of the total investments. According to the report, foreign investments in the confectionery sector amounted to 3 percent of the total investments while the percentage of the Saudi investors in the sector reached 92 percent.

The report said the Riyadh region has the highest number of chocolate factories.

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