The retail market in Saudi Arabia is projected to grow at an estimated value of $73.6 billion by end of 2014 compared to $66.7 billion in 2012, states an Oxford Business Group (OBG) report. Per capita spending in retail markets is expected to increase to $4,000 by 2015, or higher by 50% compared to figures of 2010.
The projected growth of the retail market is attributed to many factors including high rates of consumption, growing population and expansion of incomes. Rising youth population and consumers has triggered firms, businesses and factories to open new branches and outlets which, in turn, led investors open more stores, hypermarkets and open-and-closed malls in different parts of the Kingdom.
Manufactured items for direct use captured 38.5% of the market share whereas electronic devices, textiles and clothes, sanitary items and cosmetics accounted for 27.3%, 23.3% and 17.9%, respectively.
Watsons to open 20 new stores in the GCC
In 2020, global health & beauty retailer AS Watson Group signed its
April 29, 2024 | By Rupkatha B / 
“Retail is a people’s business. When building a retail brand or the
From being one of the first retailers in Dubai to ban single-use
For starters, Rabbit is a growing e-commerce grocery platform in Egypt always
In 2024 grocery retail major Choithrams has achieved several milestones underscoring its
Industry pioneers are embracing a comprehensive strategy that integrates consumer insights, digital
The regional grocery retail market is evolving fast keeping pace with constantly
From ethical and local sourcing to adopting cutting-edge technologies to curb food
The regional grocery retail market is becoming more and more diverse, offering
Spinneys, the leading premium fresh food retailer, has announced the opening of
Spinneys has announced the launch of The Kitchen by Spinneys, its first-ever
/ 
In what comes as a significant announcement, Middle East based eyewear majors
Emirati Gen Z women are seeking collaborative, culturally diverse and creatively enriching
GMG’s Everyday Goods – Retail division celebrates expansion milestone hitting 60 stores
Among several others, three key factors have fuelled the growth of homegrown
Empowering women, transforming communities: The rise of female-led businesses in Times Square Center
In its central Dubai location, Times Square Center stands not just as
One of UAE’s leading fresh food retailers, Spinneys has announced its intention
Acting as a bridge between Brazil and GCC markets offering a compelling
Commonly cited statistics indicate that around 20% of new businesses fail during
Louis Philippe, renowned for its premium merchandise spanning apparel, footwear and accessories,
Previous Article
