Report: Saudi Retail Sector to Hit $74bl by 2014

News

Trade Arabia is reporting that the Saudi retail sector is set to hit $74 billion by 2014 on impressive growth figures, according to a report by Al Rajhi Capital.

“According to the report it is expected that all categories, broken down by grocery and non-grocery segments, of the retail sector will continue to grow at a solid pace. ARC cites that stronger growth will, however, be seen in electronics and apparel, which will benefit companies like Jarir and Alhokair, while Alothaim can profit from the highly fragmented grocery market,” Trade Arabia writes.