Business Crescent for Trading Services
Executive Office - Al Khobar, Eastern Province, Saudi Arabia
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BUSINESS CRESCENT FOR TRADING SERVICESThe Company holds the cherished motto of Vision 2030 of the Government of Saudi Arabia for diversification of industry and business to sustain growth and development. Our venture is committed to being part and parcel in the noble cause of nation building as envisioned by the Government.IMPORT SCENARIORecently there was a spurt in the import of food and beverage products to Saudi Arabia due to the Food Security Policy of the Government. The Kingdom imports every year approximately 80% of the needs for food and beverage. Entry of new players in both wholesale and retail markets, expansion of existing entrepreneurs, attractive marketing policies, competitive prices, an introduction of healthy and exotic food and beverage are all contributing factors for growth. The current value of total import is roughly US$24 Billion, which is expected to touch US$ 35 Billion by the end of the year 2020 as per market research and analysis.*Research and MarketsADVANTAGE SAUDI ARABIAThe geographic and demographic conditions of the Kingdom give tremendous scope for Food and Beverage Business. Saudi Arabia is blessed with a population of around 60% youth. The changing trend of lifestyle, food habit of youth, health and hygiene, taste, dietary nutrition, purchasing power, employment of tempting marketing techniques, attractive prices, vantage locations, professional care and honesty in business are some of the ingredients spur the rapid growth. Saudi Arabia is projected to be the top regional performer over the next five years for the Snack and Confectionery, which is expected to grow at an annual rate of 6.5%.*Source: bmiresearch
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