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
This article is for subscribers only.
Sign up for our Middle East newsletter and follow us @middleeast for news on the region.
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.