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FINANCIAL NEWS
Saudi sees robust retail construction boom in H1
28 Jul 2016
(MENAFN) Saudi Arabia has been seeing a retail building explosion even as oil, the kingdom’s dominant source of revenue, severely plunges, based on reports.
Overseas and local firms are betting shopping demand will increase for years, boosted by one of the world’s youngest populations and modern retail space.
Moreover, Riyadh alone is anticipated to add 565,000 square meters of gross leasable area through 2017, whereas Jeddah is set to complete 383,000 sqm.
To give a hint at keen firms, Arabian Centers Co., KSA’s biggest mall owner, plans 19 new shopping centers over the next 5 years to add to the 17 it already has.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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