Overview
Saudi Arabia is the region's largest and fastest-growing automotive and industrial equipment market.
Industrial and Manufacturing Overview
Saudi Arabia is one of the world’s fastest growing countries in the manufacturing sector, with 7.5% average growth every year. The sector is at the forefront of the Kingdom’s economic diversification, localization, and privatization efforts and is now the third largest non-oil contributor to the Saudi economy. Key factors in the growth of the manufacturing industry are the large market size, developed R&D facilities, government support, modern infrastructure and business-friendly regulations.
Success Stories from the Industrial and Manufacturing
‘’The Kingdom is facilitating simplicity of doing business and offering a lot of attractive incentives, and that always helps us with our investment decisions. Companies such as Pepsico like simplicity and incentives to keep growing, keep developing, and keep creating good jobs.’’ – Ramon Laguarta, Chairman and CEO, Pepsico
Company Name : Pepsico
Name : Ramon Laguarta
Position : Chairman and CEO
Sector name : Food processing
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