Increasing Retail Supply along with a Slow Conversion Rate is Expected to cause Retail Oversupply to Reach GLA of 439 thousand Sq M. by 2021: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit High disposable income and government initiatives to diversify the economy and encourage foreign investment and ownership will augmented retail expenditure in Riyadh. Factors including location, neighboring competition, catchment area and efficiency of mall management are taken into consideration before the construction of retail development projects. Saudi Arabian General Investment Authority allowed 100% FDI in the retail sector, giving international brand the ability to set up their outlets in the Kingdom without partnering with local entities Ken Research in its latest study, “Riyadh Retail Real Estate Market Outlook to 2021” suggests that retail oversupply will continue to exist in the future. However, major mall developers have delayed large scale projects to reduce downward pressure on rent and augment occupancy rate across the city. Existing and new entrants will look to capitalize on competitively priced land across northeastern and southern Riyadh. Total retail supply in Riyadh is projected to achieve a CAGR of 17.2% during the period 2016-2021. Conversely, Retail demand is estimated to witness a CAGR of 14.8% during the same period. The evolution of the retail sector has transformed the Kingdom’s landscape from small and unorganized retail outlets to the development of large scale shopping malls. The primary reason for this trend is because retailers have realized the increased number of visitors to regional and super regional malls as a result of integrated spaces and a shift in consumer shopping experience towards leisure and entertainment. Saudi Vision 2030 with respect to feminization in the retail sector has targeted women participation in the workforce to increase from the current 22% to 30% in the future. Increasing female participation in the retail sector will positively impact growing number of female owned businesses coupled with higher income and spending power. A crucial factor that has further aided retail sales is the country is the lack of recreational activities available across the country. The Kingdom has banned cinemas and other forms of recreation and entertainment. Mall and community center shopping is one of the few socially acceptable and widely accessible leisure and recreational options available to families within the country. Key Topics Covered in the Report: Al Sadhan Malls in Riyadh Riyadh Shopping Mall Market Growth Shopping Centres in Riyadh Riyadh Retail Mall Demand Riyadh Retail Supply Gross Leasable Area Shopping Malls in Saudi Arabia Future Outlook Retail Supply Riyadh Case Study Othaim Mall in Riyadh Community Center Riyadh Market Super Regional Malls Market Saudi Arabia For further reading click on the link below: https://www.kenresearch.com/manufacturing-and-construction/real-estate/riyadh-retail-real-estate-market/122993-97.html Related Reports by Ken Research https://www.kenresearch.com/manufacturing-and-construction/real-estate/qatar-real-estate-market/112182-97.html https://www.kenresearch.com/manufacturing-and-construction/real-estate/philippines-real-estate-market-research-report/29319-97.html https://www.kenresearch.com/manufacturing-and-construction/infrastructure/bouwinvest-real-estate-investment-management-bv/115221-97.html Contact: Ken Research Ankur Gupta, Head Marketing & Communications query@kenresearch.com +91-124-4230204 Tags: Al Sadhan Malls in Riyadh, Case Study Othaim Mall in Riyadh, Community Center Riyadh Market, Factors Affecting Retail Supply Riyadh, Future Outlook Retail Supply Riyadh, Growth Shopping Centres in Riyadh, Ksa Real Estate Market, Ksa Retail Real Estate Market, Real Estate Companies Malls Riyadh, Regional Malls Market Riyadh, Rental Rate Regional Malls Riyadh, Rental Rates Super Regional Malls Riyadh, Riyadh Retail Mall Demand, Riyadh Retail Real Estate Market, Riyadh Retail Supply Gross Leasable Area, Riyadh Shopping Mall Market, Riyadh Supermarket Hypermarket Industry, Shopping Centres in Riyadh, Shopping Malls in Saudi Arabia, Super Regional Malls Market Saudi Arabia, Upcoming Shopping Malls in Riyadh