Saudi Central Bank issues rules for ‘buy-now-pay-later’ operators in the Kingdom
Saudi retail sector
Latest in Saudi retail sector
Faisal Durrani
Saudi Arabia’s lifestyle revolution could see massive influx of retail space in Riyadh and Jeddah
Saudi lifestyle revolution will see a massive increase in the amount of available retail space in coming years
Retail
Saudi spending tops $3.4bn in single week
Saudi Arabia’s central bank reveals massive national spending on fashion and food
foreign investment
Retail sector continues to dominate foreign investment licences issued in Saudi Arabia
Saudi Arabia’s Ministry of Investment reveals 347.9% annual increase in licences in H2 2021
AG Café
Franchisee plans major Tim Hortons expansion across Saudi Arabia, GCC
AG Café says Saudi outlets will increase to over 200 by 2024, more than double the current number
Abdulmohsin Al Hokair Holding
Grocery retail giant Spinneys eyes Saudi debut after partnership deal
Spinneys Dubai and Abdulmohsen Al Hokair Holding Group plan to open first Saudi store in early 2023
Avenues-Riyadh mall
Saudi bank signs $690m financing deal for construction of Avenues-Riyadh mall
Saudi British Bank says it has inked financing agreement with Nesma & Partners Contracting Company
Fawaz Abdulaziz Alhokair Co
Saudi franchise retailer Alhokair sees revenue rebound above pre-pandemic levels
Alhokair CEO says F&B segment turnaround continues to materialise after Subway deal
arby's
US restaurant giant Arby’s inks deal to make Saudi debut
Famous food brand says its first restaurants are slated to open in the Gulf kingdom in late 2022
digital payments
Inside Saudi Arabia’s digital payments revolution
Digital point of sale terminals show rapid growth and have exceeded the one million mark in Saudi Arabia
Popeyes
US fast food major Popeyes eyes Saudi expansion
Chicken chain retailer signs franchise deal to grow footprint in ‘important’ Saudi market
Boston Consulting Group
Saudi e-commerce market forecast to grow to SR50bn by 2025
Boston Consulting Group’s new research shows sector value increased by almost 60 percent between 2019 and 2020
fast food
Fast food giant Subway unveils major Saudi expansion plans
Ambitious growth plan revealed to nearly double Subway’s footprint of 210 restaurants in Saudi Arabia over the next six years
Amazon
Amazon to open new Saudi delivery hubs ahead of White Friday
Global e-commerce giant says it will open new delivery stations in Jeddah, Makkah, Madinah, Abha and Dammam
Majid Al Futtaim - Properties
UAE retail giant makes key appointment for $4.3bn Riyadh North mega project
Majid Al Futtaim hires Mace to support the delivery of its Riyadh North development, including Mall of Saudi
E-commerce
Saudi online fashion retailer secures $15m funds for expansion
Nejree, the Saudi online fashion and lifestyle platform, aims to build on early success of its try now buy later model
Noon.com
E-commerce major Noon creates hundreds of jobs for young Saudis
Homegrown digital marketplace says recruitment drive aims to help boost employment, develop skill sets and drive the local economy