PepsiCo has officially announced plans to invest over SAR 200 million in its state-of-the-art facility located in Dammam. This substantial investment aims to enhance the plant’s overall capacity to meet the growing demand for both local consumption and export markets.
This initiative aligns with the objectives of Saudi Arabia’s Vision 2030, showcasing PepsiCo’s commitment to strengthening the Saudi agricultural sector and promoting sustainable food production within the Kingdom. The announcement was made during the 7th edition of the Future Investment Initiative, held in Riyadh, where PepsiCo shared details of the investment with the Minister of Industry and Mineral Resources, His Excellency Mr. Bandar Ibrahim AlKhorayef. The project is anticipated to be completed by 2024.
PepsiCo’s investment reflects its ongoing strategy, known as pep+, which emphasizes sustainability at the core of its growth and value creation. By enhancing its operations in Saudi Arabia, the company aims to drive forward sustainable agricultural practices throughout the region, reinforcing its role as a leader in the food and beverage sector. This investment underscores PepsiCo’s commitment to transforming the industrial landscape in Saudi Arabia while contributing to the Kingdom’s long-term goals for economic diversification and sustainability.
