Credit: PepsiCo / X

US snacks and beverage giant PepsiCo is to spend SR200m ($53.3m) on expanding a snacks facility in Saudi Arabia.

The Lay’s crisps and Doritos brands owner said the investment in its plant in the eastern city of Dammam will increase the overall capacity to meet increasing local and export demand.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

It said the move is part of its Saudi Arabia Vision 2030 plan to “enhance the Saudi agricultural sector and boost sustainable food production in the Kingdom”.

The work to expand the site is expected to be finished next year.

Just Food has asked PepsiCo for further details of its expansion plan.

The snacks plant was opened in 2014 as a 5,000 sq m manufacturing facility to service Middle Eastern markets.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Brands manufactured in Saudi Arabia by PepsiCo include Lay’s, Doritos and Quaker Oats, as well as the local crisp brand Tasali.

The capital expenditure plan, announced on the sidelines of the Future Investment Initiative, held in Riyadh at the end of October, comes soon after the company revealed an expansion to its snacking plant in the Brazilian town of Cabo de Santo Agostinho.

It is to install a new production line at the site, which produces Cheetos and Cebolitos snacks for the local market.

Last month, PepsiCo released its third-quarter results. Net revenue increased by 8.9% year-on-year to $23.45bn while operating profit jumped to $4.02bn.

Its Africa, Middle East and South Asia unit, which includes Saudi Arabia, recorded revenues of $1.61bn for the three-month period, down from $1.72bn 12 months earlier.