Intifada reduces Saudi demand for American products
Local economists have revealed that the demand for American products in Saudi Arabia had declined by 20-25 percent since the beginning of Intifadat Al-Aksa, reported Al-Sharq Al-Awsat newspaper.
Several campaigns were recently organized in Saudi Arabia, calling for the boycotting of American products and merchandise. The American fast food restaurants in Saudi Arabia were largely affected by the embargo campaigns, with the sales of these restaurants collapsing by nearly 64 percent in the past two months.
Nevertheless, several market sources have related a certain portion of this decline in sales to the Holy Month of Ramadan, a month in which the fast food sales usually decline. — (Albawaba-MEBG)
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