New Initiative to Boost Food Industry Localization

Image Source: SPA
Goals and Impact of the Association
Addressing Industry Challenges
The association will work to identify and address the challenges facing food manufacturers, strengthen communication between industry stakeholders and decision-makers, and promote good governance and transparency across the sector.
Supporting Legislative and Global Growth
It will also conduct technical studies to support the development of legislative frameworks for the food industry and bolster the presence of Saudi food products both locally and globally.
Saudi Arabia’s Growing Food Market
Saudi Arabia’s food market is among the largest in the Middle East, currently valued at more than SAR200 billion and growing at an annual rate of 3%, with projections indicating it will reach SAR214 billion by 2030.
Source
This article is sourced from the Saudi Press Agency (SPA).