The Saudi Arabian Retail Industry is expected to show promising growth over the next five years. The current retail formats that are widely prevalent in Saudi Arabia are Souqs, Bakalas, High-Street, Department Stores, Discount Stores, Hypermarkets, and Malls. Grocery Sales by Infrastructure comprise Supermarkets 26%, Hypermarkets 18%, and Others 56% (including 40,000 bakalas). The major super market and hypermarket chains are Panda Stores, Bin Dawood Stores, Al Othaim Markets, Al Raya stores, and Farm stores. Key drivers of the industry include favorable demographics and changing lifestyle. E-commerce is a bright spot on the horizon. Attractive investment opportunities are offered by the sector that has swiftly rebounded from the COVID-19 impact and has promising growth prospects.
Also Read:"Kuwait Retail Sector"
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