Strength of the Saudi Arabian Economy:
Food Ingredients

Saudi Arabia (KSA) is an increasingly attractive investment destination with the Kingdom’s economy ranked 16th among G20 countries and 18th globally, with a GDP of $1.01 trillion in 2022 according to IMF estimations. The KSA, along with the broader MENA region, is expected to witness high growth for food ingredients mainly due to investments in the food and beverage (F&B) industry, accelerated by changing consumer behavior. This executive brief will provide insight into how the Kingdom of Saudi Arabia’s economy is growing and, specifically in the food ingredients industry.