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Saudi French fry factory gets green light


RIYADH: Al-Jouf Agricultural Development Company’s board of directors this week approved a SR70 million ($18.67 million) project to build a French fries factory in the Kingdom.
In a statement to Tadawul, the company said that the project would be self-financed and construction is expected to start in Q1 2021 and end by Q1 2023.
From major international chains like McDonald’s, Burger King, and Domino’s Pizza, to local chains including Jan Burger, Hamburgini, and Let’s Pizza, Saudi Arabia is not short of fast-food options.
According to ReportLinker, the Saudi food service market was projected to grow from an estimated $11.6 billion in 2019 to $13.7 billion by 2025. This prediction is based on increasing urbanization, rapid expansion in delivery services, an increasing number of young adults and working population, and rising levels of disposable income. Research and Markets, meanwhile predicted that the Saudi fast-food industry was projected to grow at a compound ....

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