Saudi beats Egypt for top F&B market spot
Saudi Arabia remains the most attractive food and beverage market ahead of Egypt, with food consumption growth of 7.6% this year, says a new BMI report. The kingdom’s high levels of growth, including a 9.2% increase in soft drink consumption and a 9.6% increase in mass grocery retail value this year, make it an attractive prospect for retailers, according to BMI. Combined with an acceptable risk level, the research firm said Saudi Arabia was still the best market for investment in food and drink.
