Saudi Arabia: Food Service - Hotel Restaurant Institutional
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The hotel, restaurant and institutional (HRI) food service sector in Saudi Arabia has been rapidly growing in the past decade. The total revenue generated by restaurants and cafés operating in the Kingdom was estimated at $12.1 billion in 2012, and is forecast to exceed $20 billion by 2020. Revenues from the food catering sector were estimated at $5 billion and steadily growing, with a huge number of foreign workers and more than 8 million visitors to Saudi Arabia to perform Hajj and Umrah every year. The Saudi HRI food sector relies heavily on imports, with more than 80 percent of its food needs coming from outside the Kingdom. Booming hotel construction sector is expected to add more than 100,000 additional rooms in the Kingdom’s hotel capacity by 2020, thus boosting demand for high quality food services.
