Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi retail trade value poised to reach SR267bn  Join our daily free Newsletter

MENAFN - Arab News - 10/05/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - Arab News) Saudi arabia’s retail market is projected to grow at an estimated value of 73.6 billion (sr267 billion) by the end of 2014 compared to 66.7 billion (sr250 billion) in 2012 local media said quoting a report released by oxford business group (obg).

the projected growth of the retail market is attributed to many factors including high rates of consumption growing population and expansion of incomes the report said.

the growing number of young population and consumers has triggered firms businesses and factories to open new branches and outlets which in turn led investors open more stores hypermarkets and open-and-closed malls in different parts of the kingdom the report said.

manufactured items for direct use captured 38.5 percent of the market share whereas electronc devices textiles and clothes sanitary items and cosmetics accounted for 27.3 percent 23.3 percent and 17.9 percent respectively the report said.



meanwhile per capita spending in retail markets is expected to increase to sr 15200 ( 4000) by 2015 or higher by 50 percent compared to figures of 2010 the report said.

for his part head of commerce committee at the council of saudi chambers (csc) yusuf al-dosari said the volume of retail sector in the kingdom is bigger than what has been declared.

the sector is enormously dominated by expatriates whose proceeds (returns) are being sent abroad he said.

the expansion in malls and points of sales (poss) in this sector is not as beneficial to saudi economy as required where rates of (male and female) saudization are extremely low he said.


 


Arab News




  MENA News Headlines
 Dec 3 2016 - Qatar's growth grows sharply at USD35.6bMENAFN
(MENAFN) NBK had reported that Qatar"s total growth accelerated to 2% year-on-year in 2016, and the country"s non-hydrocarbon sector activity cooled as manufacturing contracted, also gas production ...

 Dec 3 2016 - Jordan's government to serve citizens, national interestsMENAFN
(MENAFN) According to Jordan News Agency, Petra, Minister of State for Media Affairs Mohammad Momani had announced on Thursday that the government is determined to take decisions that serve citizens ...

 Dec 3 2016 - Lebanon to be under fiber optic coverage by 2020MENAFN
(MENAFN) According to Lebanese Telecoms Minister Boutros Harb, his country has already started installing fiber optics in big cities, and 85% of the Lebanese population will have access to the ...

 Dec 3 2016 - Investing in an uncertain worldMENAFN Press
(MENAFN Press) Investing in an uncertain world Smart investing with Bastien Jack 2016 will go down in history as a year that defied expectations. LONDON, UK, UK, December 2, 2016 ...

 Dec 3 2016 - UpChefs Launches New Product on Amazon to Help Kids Eat Their FoodMENAFN Press
(MENAFN Press) UpChefs Launches New Product on Amazon to Help Kids Eat Their Food Fun Sandwich Bread Cutter Shapes for Kids is the newest effective partners for parents, especially ...

 Dec 3 2016 - Stack8 to Preview its New UC Managed Services Offerings at Cisco Connect Montreal 2016MENAFN Press
(MENAFN Press) Stack8 to Preview its New UC Managed Services Offerings at Cisco Connect Montreal 2016 Stack8 at Cisco Connect Montreal Stack8 Logo Join Stack8 at Cisco Connect Montreal Booth ...

 Dec 3 2016 - Legendary Tuskegee Airmen 75th Anniversary Celebration Hosted by the Tuskegee Airmen Scholarship FoundationMENAFN Press
(MENAFN Press) Legendary Tuskegee Airmen 75th Anniversary Celebration Hosted by the Tuskegee Airmen Scholarship Foundation Tuskegee Airmen - One of the Most Decorated Military Groups in the History ...

 Dec 3 2016 - World Prostate cancer Market - Trends, Drivers, Strategies, Applications and Competitive Landscape to 2027MENAFN Press
(MENAFN Press) World Prostate cancer Market - Trends, Drivers, Strategies, Applications and Competitive Landscape to 2027 Global Prostate cancer Information, by product type hormone therapy, ...

 Dec 3 2016 - Global Robotics in Healthcare Market 2016 Share, Trend, Segmentation and Forecast to 2021MENAFN Press
(MENAFN Press) Global Robotics in Healthcare Market 2016 Share, Trend, Segmentation and Forecast to 2021 focuses on top players in these regions/countries, with sales, price, revenue and market ...

 Dec 3 2016 - Qatar- Ajyal to screen trans-adapted version of 'The Idol'Gulf Times
(MENAFN - Gulf Times) The trans-adapted version of The Idol (Palestine, Qatar, UK, The Netherlands), Palestine's entry for the upcoming Oscars for ‘Best Foreign Language' film, will be screened ...

more...


 





Google

PayExpo_MENA
 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help