Saudi Arabia jumped nine places in the Global Retail Development Index, ranking third globally and first in the Arab world. Kearney International Consulting issued the Global Retail Development Index by the end of 2023. It is prepared based on a survey conducted every two years to evaluate promising retail markets and measure progress in developing trade globally, taking into account economic growth, consumer wealth, and the regulatory framework.
RIYADH: Saudi Arabia’s retail sector is eyeing significant growth on the back of its e-commerce market, as 74 percent of online shoppers in the Kingdom are expected to shift from global to local platforms. In its recent report, leading global management consulting firm Kearney and Saudi consulting company Mukatafa noted that local and hybrid players are making strong headway
Consumers in Saudi Arabia and the United Arab Emirates are concerned about rising inflation and global market volatility, but their spending power remains
UAE consumer spending power remains strong despite concerns about the global macro-economic environment. This is according to research by leading managemen..