Saudi Retail

Executive Summary

The Kingdom of Saudi Arabia has been continuously striving to diversify its economy away from being solely dependent on oil & gas industry. In this sense, the retail industry has proven to be a prudent and effective choice. Higher per capita income and younger demographic profile augurs well for the retail demand. Additionally, the regional governments have been emphasizing to improve their infrastructure to bring in an influx of tourist to their countries. In the last few years, a number of grand malls, shopping complexes and retail stores have opened across the Kingdom of Saudi Arabia to augment the retail shopping experience. Super market and hyper market players like Panda group, Al Othaim, Bin Dawood and Danube have expanded their retail space by opening more stores. With such positive developments and encouraging trends, the Saudi Arabian retail industry is set to grow further in the near future. The report provides retail market size across multiple segments such as electronics, apparel/textiles, food & beverage, furniture and personal care products. It also captures the transformation of retail format from traditional souqs to modernized malls in Saudi Arabia. Existing retail infrastructure and expected supply have been analyzed. Franchise options in KSA retail have been discussed at great length. Emerging trends have been identified and the challenges have been listed out.