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Nestle Saudi Arabia Sees Sales Rise of as Much as 20% Next Year
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Nestle SA, the world’s largest food company, forecasts sales in Saudia Arabia may increase as much as 20 percent next year driven by consumer demand, said Yves Manghardt, chief executive officer of Nestle Middle East.
“It’s a very important market for us,” said Manghardt in an interview yesterday in the capital Riyadh. “Nestle in Saudi Arabia contributes roughly 30 percent of our business in the Middle East.”