Beer volumes are set to decline globally in 2025, but premiumisation and rapid growth in non-alcoholic beer are sustaining category value, according to IWSR data.
The new Latin American markets will help close the gap towards the US$14 billion target.
The Saudi group said this achievement highlights SAL’s ambitious vision to expand its global ecosystem.
The consortium is also expected to create greater opportunities for participation by locally based small and medium-sized shipyards.
It is expected to reduce congestion of goods and containers at seaports, enhance logistics services, and lower cargo transport costs.