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Nestle to Invest $1.9 Billion in Saudi Arabia Over Next Decade

  • Swiss food producer aims to create 3,500 jobs in Saudi Arabia
  • Saudi Arabia is seeking foreign investors to diversify economy

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Nestle SA will invest 7 billion Saudi Riyals ($1.86 billion) in Saudi Arabia in the coming 10 years, starting with a plant to make infant products and ready-to-drink coffee, as the kingdom looks to attract more foreign investments to diversify its oil-dependent economy.