Retail prospects in Saudi Arabia


December 18, 2012 | By RetailME Bureau

Saudi Arabia and the UAE are the most dynamic retail markets in the Middle East, says Sacha Orloff in a recent report on retail prospects and the outlook in the Kingdom for 2012. The consulting group, whose core expertise lies in the GCC and Middle East services and retail industry, sees the greatest potential in these two markets in its forecast for 2013, pointing out that they have been dominating the retail landscape for more than a decade and will continue to do so in the coming years.

The report identifies retail as the fastest growing sector in the Middle East and the key to economic diversification and development in the GCC region, where it is the second largest sector after oil. The factors propelling outstanding market expansion in the two largest retail markets in the Gulf, as well as in other Middle Eastern countries like Egypt and Turkey,include strong economic growth, the shift in consumer demographics, large expatriate population and high purchasing power.

Comments

comments

Previous Article Next Article

YOU MAY ALSO LIKE /



It is the final week of the 27th edition of the Dubai 

Continue Reading

January 21, 2022 | By RetailME Bureau

Foodlink Global Restaurants & Catering Services, the F&B services enterprise in India 

Continue Reading

December 29, 2021 | By Zubina Ahmed

‘Tis the time to be jolly! The festive season is back. Celebrate 

Continue Reading

December 19, 2021 | By RetailME Bureau

“It sounds like this, Luh Pan Koh-ti-dyan and means ‘the daily bread’, 

Continue Reading

December 6, 2021 | By Zubina Ahmed

The long weekend might be over but the Etisalat Beach Canteen 2021 

Continue Reading

December 5, 2021 | By RetailME Bureau

UAE gears up to celebrate this year’s National Day celebrations in the 

Continue Reading

November 28, 2021 | By Zubina Ahmed

UAE-based Etisalat Group has signed an agreement with elGrocer, a leading online 

Continue Reading

November 18, 2021 | By RetailME Bureau

Amazon.ae announced that the 11.11 sale is back once again this year 

Continue Reading

November 8, 2021 | By RetailME Bureau

Abu Dhabi Cooperative Society’s COOP City store is now open in Lake 

Continue Reading

November 3, 2021 | By RetailME Bureau

Union Coop, a consumer cooperative in the UAE, revealed that 78% of 

Continue Reading

August 24, 2021 | By Jibran Chouguley

Union Coop has opened its 23rd branch within the UAE in Jumeirah 

Continue Reading

August 2, 2021 | By Jibran Chouguley

Nando’s has revealed their revamped Sheikh Zayed Road outlet where newcomers and 

Continue Reading

July 8, 2021 | By Jibran Chouguley




Download Images RetailME Magazine