Investing in a biscuit factory in Yemen represents a promising investment opportunity in 2022, particularly in light of Yemen’s Vision 2030, which aims to enhance the stability of the national economy, increase the country’s exports, and raise per capita GDP by accelerating industrialization and encouraging public-private partnerships.
What is a biscuit factory?
The biscuit factory offers a variety of plain and filled biscuits, as well as sweet biscuits and wafers. The project will focus on creating distinctive flavors and will take into account consumer preferences for low-sugar products.
Globe Newswire published a report confirming that the global biscuit market… It will grow at a CAGR of 4.89%, and will rise Global biscuit market value From US$105.7 billion in 2020 to US$154.8 billion by 2028.
According to World Trade Center statistics, Yemen’s biscuit imports are increasing year after year. In 2019, Yemen’s biscuit imports amounted to approximately $135.9 million, a figure that rose to $155.1 million in 2020. Indicators for Yemen’s biscuit imports continue to indicate that imports will continue to rise in the coming years.
Based on its analysis of the industrial sector and the plastics market in Yemen, Mashroo3k Consulting confirms that a biscuit factory project in Yemen represents a promising investment opportunity.
For more details on the latest economic indicators and investment opportunities in Yemen, as well as the most prominent funding agencies supporting successful investment projects in the country, you can contact the investor services team at Mashroo3k Consulting.
