There were some refreshingly candid conversations about growth, creativity, risk and where Saudi F&B goes next. And the more we talked, the more I found myself coming back to one question.
So, what comes next?
Because the numbers around Saudi F&B are extraordinary. According to Mukatafa, the number of active restaurants and cafés in Saudi Arabia has risen from around 57,000 to more than 112,000 in just three years. Over the same period, the market has grown from approximately SAR 80bn to SAR 100bn.
Our own research points to just how much appetite remains. When we surveyed 1,000 Saudis, 55% told us they would invest in F&B within the next five years. Not 5%. 55%. There’s clearly no shortage of ambition. And there’s little to suggest that appetite is disappearing.
But I think Saudi F&B is entering a different phase. The question isn’t simply how much more can we build? It’s how much of what we build will still be here in five or ten years.
Growth is one thing. Staying power is another.
When a market is moving this quickly, opportunity naturally attracts investment. New restaurants, cafés and concepts arrive, competition increases and everyone wants a piece of the action. But another restaurant isn’t automatically the answer.
As the market continues to grow, we need commercially sustainable businesses with a clear reason to exist. Concepts that understand their guests, their market and their operating model. And perhaps, occasionally, the confidence to conclude that the right answer isn’t to open something at all.
That means balancing ambition with risk and asking some harder questions about longevity.
Can the concept remain relevant? Can it operate profitably? Does it genuinely add something to the market? And, increasingly importantly, could it exist anywhere else?
That last question brings me to something else I kept hearing in Riyadh.