Saudi Arabia retail market is projected to grow at a CAGR of over 7.5%, in value terms, during 2017-2022-Foodex Saudi

Saudi Arabia retail market is projected to grow at a CAGR of over 7.5%, in value terms, during 2017-2022. Increase in culturally diversified population, presence of a highly stable market and increasing number of construction projects is expected to drive the retail market in the Kingdom of Saudi Arabia through 2022 are some of the other factors expected to propel demand for retail over the next five years.

Some of the major players operating in the Saudi Arabia retail market are Wal-Mart, Amazon Inc., Lulu Group, Carrefour, Spinneys, Choithram, Al Othaim, Al Raya, Al Sadhan, Fu-Com, Balsharaf etc.

Source: Techsci Research