New Market Study Published: Retail in Saudi Arabia: Industrial Report
With double digit annual growth rates over 2007-2012, retail is one of the key industries in Saudi Arabia. Industry employs 4% of Saudi Arabian labour force. World-known brands are preferred to private label. Shopping increasingly becomes a form of leisure. Industry fragmented, being dominated by micro, small and medium sized firms. In 2012 almost 554,600 companies provided retail services in Saudi Arabia. Retail industry turnover expected to grow by 7% CAGR over forecast period.
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