Riyadh Retail Market Outlook To 2023: 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 The report titled “Riyadh Retail Market Outlook to 2023 – Dominance of Online Shopping and Emergence of International Brands to Fuel Demand” provides information on overview of the overview of retail market, factors influencing the sector of retailing in Riyadh, supply and demand assessment, future potential, market insight and performance, average rental rates, average occupancy rates of malls in Riyadh, retail outlook, opportunities and future development trends, key upcoming malls in Riyadh city, recommendations regarding success factors of retail market in Riyadh, key features and characteristics of retail space in Saudi Arabia and case studies of 6 retail centers in Riyadh city. The report concludes with the competitive analysis of case studies; cross comparison within retail malls in Riyadh and with heat map analysis for case studies. Overview of Retail Market in GCC and Demographics of Riyadh City The city of Riyadh is located in the central part of Saudi Arabia and the Arabian Peninsula as a whole and is in the eastern area of Najd. The city has experienced unprecedented growth in the population, as between 1930 and the early 21st century the population has increased from 27,000 to over 6.5 million. Riyadh has a young population with more than half of residents under the age of 20 years old and less than one-fifth being older than 60. Factors Influencing the Sector of Retailing in Riyadh Lifting ban from cinemas in Saudi Arabia has opened doors for investment in the entertainment sector, thus reflecting a great potential in the demand for retail sector in Riyadh city. Central region was observed as the most attractive area for establishment of retail projects owing to quality infrastructure, financial districts, high population and better connectivity with other regions. Some of the other major factors influencing Riyadh retail market include increase in retail spending, implementation of VAT, tourism, population and demographics, rising disposable income, emerging supermarkets and hypermarkets, entrance of international brands, relaxation of investment regulation, tenant mix and climate conditions. Supply and Demand Assessment The retail market in Riyadh has witnessed oversupply of retail space during 2013-2018. The retail supply has escalated at a CAGR of 11.1% from 2013 to 2018 owing to government implementing several key initiatives such as allowance of 100.0% FDI in retail sector and lifting ban from cinemas. The demand has although declined from last year primarily due to implementation of VAT by the government. There has been oversupply in terms of retail units within the country due to a deceleration in economic growth triggered by the fall in oil prices. In future, with implementation of Saudization policy by the government, increase in number of cinemas and other factors, it is anticipated that the supply-demand gap will decline in the retail market in Riyadh. Market Insight and Performance After witnessing a growth for the last four years, the demand for retail space in Riyadh witnessed a decline in the year 2018 owing primarily to introduction of VAT coupled with other factors such as rising e-commerce retail. Among different mall categories, super-regional malls had the highest occupancy rate in 2018, followed by regional malls and community centers. Average rentals rates have also declined over the last year reflecting the decline in demand. With new reforms kicking in, the retail market will witness a surge in the near future. Competition Analysis of Retails in Riyadh Over the past few years, the landscape of Riyadh’s retail sector has transformed from a conventional market place comprising unorganized independent stores and shops to organized large-scale shopping malls and hypermarkets that house the largest global brands. The retail sector in Riyadh is now highly competitive. Given the fragmented nature of Riyadh’s retail sector and rising popularity of organized retail, consolidation is likely with larger players growing inorganically to capture market share. These players keep innovating on strategies like product differentiation, price-related offers along with placing the mall distinctively in the minds of patrons through various entertainment packages like amusement parks and food courts. Future Outlook and Development Trends Despite facing difficulties over the past years, the retail market in the KSA is expected to maintain an overall positive outlook due to multiple reforms that are being presently planned and executed by the Saudi Arabian government. The most prominent of these reforms include allowance of 100.0% FDI in retail sector, lifting of ban from cinemas and implementation of Saudization. These reforms over the long term aim at overcoming the multiple obstacles that are being faced by the retail sector such as the decline in the rental rates and the oversupply situation. Emergence of international brands has been gaining popularity in the retail market. Some of the key expected upcoming retail projects in the KSA include Cordoba Boulevard, Al Diriyah Festival City Mall, City Center Ishbiliyah, and Mall of Saudi. Key Segments Covered:- Type of Malls Super-Regional Malls Regional Malls Community Center Malls Key Target Audience:- Retail Project Developers Third Party Real Estate Companies Independent Architects Government Associations Government Agencies Independent Investors Retail Real Estate Consulting Companies Time Period Captured in the Report:- Historical Period – 2013-2018 Forecast Period – 2019-2023 Riyadh Retail Malls Case Studies Covered:- Pure Mall Al Oruba Square Canary Center Localizer Mall Granada Center Centria Mall Key Topics Covered in the Report:- Overview Of Retail Market Factors Influencing Riyadh Retail Market Demand And Supply Assessment In Riyadh Retail Market Future Market Potential Market Insight And Performance Average Rental Rates For Malls And Restaurants Key Upcoming Malls In Riyadh Future Trends In Retail Market Recommendations Regarding Success Factors Of Retail Market In Riyadh Key Features And Characteristics Of Retail Space In Saudi Arabia Case Studies Of Major Retail Centers In Riyadh Pure Mall Al Oruba Square Canary Center Localizer Mall Granada Center Centria Mall Competitive Analysis Of Case Studies Cross Comparison Within Retail Malls In Riyadh Heat Map Analysis Of Riyadh Retail Malls For more information on the research report, refer to below link:- Riyadh Retail Market Related Reports:- Singapore Real Estate Market Outlook To 2023 – By Residential Market (New Sales, Re-Sales And Sub-Sales), By Retail Market (Private And Public Retail Space), By Office Market (Private And Public Office Space) And By Hotel Market (Gazetted And Non-Gazetted Hotels) Assessment Of Masterplans In Riyadh – Outlook To 2023 Egypt Facility Management Market Outlook To 2023- By Soft Services (Housekeeping, Security, Landscaping And Others); Hard Services (Electromechanical And Operational Maintenance, Fire Safety And Security Systems And Civil Maintenance) And By End User Sectors (Industrial, Commercial, Residential And Others) Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Sales@kenresearch.com +91-9015378249 Post Views: 2 Tags: Al Oruba Square Mall Retail Market Riyadh, Al Oruba Square Mall-Einzelhandelsmarkt Riad, Anzahl der Restaurants in Riad, Assessment of Retails in Riyadh, Bevorstehende Einzelhandelsprojekte in Riyadh, Canary Center Mall Retail Market Riyadh, Canary Center Mall-Einzelhandelsmarkt Riad, Centria Mall Retail Market Riyadh, Competitive Analysis Retail Malls Riyadh, Current Community Center Mall Demand Riyadh, Current Community Center Mall Supply Riyadh, Current Regional Mall Demand Riyadh, Current Retail Market Demand Riyadh, Current Retail Supply Riyadh, Current Super Regional Mall Demand Riyadh, Development Areas in Riyadh Retail, Food Retail Spending in Riyadh, Future Analysis Retail Supply Riyadh, Future Community Center Mall Demand Riyadh, Future Community Center Mall Supply Riyadh, Future Regional Mall Supply Riyadh, Future Retail Projects in Riyadh, Future Super-Regional Mall Supply Riyadh, Granada Center Mall Retail Market Riyadh, Industry Research Report Of Riyadh Retail, Land Price Assessment Eastern Riyadh, Land Price Assessment Southern Riyadh, Land Price Assessment Western Riyadh, Localizer Mall Einzelhandelsmarkt Riyadh, Localizer Mall Retail Market Riyadh, Major Retail Projects in Riyadh, Market Future Retail Demand Riyadh, Market Research Report Of Riyadh Retail, Market Retailers in Riyadh, Number of Bakalas in Riyadh, Number of Hypermarkets in Riyadh, Number of Restaurants in Riyadh, Number of Supermarkets in Riyadh, Occupancy Rate in Community Center Malls Riyadh, Occupancy Rate in Regional Malls Riyadh, Occupancy Rate in Super Regional Malls Riyadh, Pure Mall Retail Market Riyadh, Rentals Outside Malls in Central Riyadh, Rentals Outside Malls in Eastern Riyadh, Rentals Outside Malls in Northern Riyadh, Rentals Outside Malls in Southern Riyadh, Rentals Outside Malls in Western Riyadh, Restaurant Spaces in Malls in Riyadh, Retail Development in Riyadh, Retail Industry In Riyadh, Retail Market In Riyadh, Retail Market Projects in Riyadh, Retail Overview in GCC, Retail Rental Market Prices Riyadh, Retail Supply and Demand Riyadh, Retail Supply Demand Gap Analysis Riyadh, Riad Einzelhandel, Riad Einzelhandelsmarkt, Riyadh Market Structure Plan, Riyadh Retail Industry, Riyadh Retail Industry Research Report, Riyadh Retail Market, Riyadh Retail Market Analysis, Riyadh Retail Market Competition, Riyadh Retail Market Demand, Riyadh Retail Market Forecast, Riyadh Retail Market Future Outlook, Riyadh Retail Market Growth, Riyadh Retail Market Hauptakteure, Riyadh Retail Market Insight, Riyadh Retail Market Major Players, Riyadh Retail Market Opportunities, Riyadh Retail Market Research Report, Riyadh Retail Market Revenue, Riyadh Retail Market Scope, Riyadh Retail Market Segmentation, Riyadh Retail Market Shares, Riyadh Retail Market Size, Riyadh Retail Market Supply, Riyadh Retail Market Trends, Riyadh Retail Market Value, Riyadh Retail Real Estate Market, Riyadh Retail Rental Prices in Malls, Riyadh Retail Restaurants Rental Prices, Saudi Arabia Retail Market Analysis, Saudi-Arabien Einzelhandelsmarktanalyse, Store Based Retailing in Riyadh, Upcoming Retail Projects in Riyadh, Vermietung außerhalb der Einkaufszentren in Nord-Riad, Zukünftige Einzelhandelsprojekte in Riad