Saudi Arabia took the lead on both the deal and funding front, accounting for 22% of F&B investments and 44% of funding activity in 2019. The Kingdom's share of F&B investment deals in the MENA region has increased by 22% from 2016 to 2019. This indicates that Saudi Arabia has shown constant growth over the last few years, with investors' appetites to invest in the region steadily increasing. On the other hand, Egypt and the United Arab Emirates' deal shares have gradually dropped since 2015.