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FINANCIAL NEWS
Saudi retail sales may rise $50b by 2014
02 Jun 2010
(MENAFN) A report issued by CB Richard Ellis showed that Saudi Arabia’s retail sector is predicted to grow by $50 billion by 2014 as more international brands look to move into the Kingdom, Reuters reported.
The report said that Saudi Arabia is now attracting 43 percent of all international retail brands surveyed and had overtaken better known retail destinations like Hong Kong, Russia and Japan. The list, published last month, was topped by London and Dubai.
Where Europe has previously dominated the list of top retail cities, Asia and the Middle East now account for almost half of the top 20 most international markets in the new report.
A number of Middle Eastern cities have made significant progress in the global hierarchy, moving sharply up the ranking.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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