Saudi Arabia Catering Services Market (2022-2028) | Trends, Value, Revenue, Size, Analysis, Growth -

Nitesh19 Jan, 2023Business

The Saudi Arabia Catering Services Market size is projected to grow at a CAGR of 6.6% during 2022?2028. The market is expected to witness significant growth in the coming years owing to the rising spending expenditure of the government on non-oil sectors. The government is developing smart cities such as NEOM city, Red Sea project, and entertainment cities such as Qiddiya city, and Amaala project. Also, the government of Saudi Arabia has set a target to touch 330 million passengers traveling by 2030, which would demand new airlines and airports across the country. The government initiative of developing 250 airline routes by 2030 and a $100 Million investment to develop a new airline company by 2025 would robust the demand for catering services in upcoming years.