Saudi Arabia Set to Boost Middle East Retail Industry

Noida, India (PressExposure) March 16, 2011 -- According to our recent research report "Middle East Retail Sector Forecast to 2013", the Middle East retail sector is fast overtaking other emerging markets. With the increasing retail space in the region, it is expected that the retail sales will also flourish in coming years. Among all countries, our report has identified Saudi Arabia as the most potential and dynamic retail market in the region. The Saudi Arabian retail market is highly fragmented and dominated by single-outlet operations, such as independent grocers, food specialists, and leisure & personal goods retailers. We expect that, the retail market in the Kingdom will grow at a CAGR of around 9% during 2011-2013.

As per our research, the main reason for the growth of this industry is the rapidly growing population and growing levels of disposable income of the people. Several other factors, like high proportion of young people and changing position of women in Saudi Arabian society will further help the retail sector to grow. Besides, various other strong fundamental drivers discussed and analyzed in the report will enable the retail market in the Kingdom to sustain its upward growth trend in the coming years.

Apart from Saudi Arabia, we have also analyzed other Middle East retail countries including Turkey, Egypt, Iran, Israel, the UAE, Jordan, Oman, Qatar, and Kuwait in the report. The report provides future forecast of retail sales in these countries along with other details, like their retail formats and retail space available. Besides, the report has identified key players in each country and has stated their detail business description.

Our report "Middle East Retail Sector Forecast to 2013" also analyzes key macroeconomic factors critical to the retail sector along with their impact on the sector. It has also studied the challenges that the industry is presently confronting. Additionally, the report sheds light on the emerging industry trends, such as franchising, increasing duty free sales, lucrative luxury goods retail market, growing online retail sales and so on, which will help in deciding the future of the region's retail sector.

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Press Release Submitted On: March 16, 2011 at 4:45 am
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