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Pepsi Co. is planning an investment of $1.6 billion in Saudi Arabia over the next five years period. The Governor of the Saudi Arabia General Investment Authority (SAGIA) meet the Pepsi Co. Chairman.
More Details on Pepsi Co. Investment
The investment will be focusing on Entrepreneurship and social development. The company has already spent 11.4 billion Saudi Riyals in the Kingdom for the last seven years.
“Saudi Arabia has been a strategically important market for PepsiCo for more than 60 years. Today, we proudly employ 8,000 people in the Kingdom, with a Saudization rate of over 40 percent in certain business units,” said Ramon Laguarta, chairman and chief executive officer of PepsiCo.
Al Arabiya News English, 2020
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