Riyadh Retail Market Research Report And Market Forecast 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 How Riyadh Retail Market is Positioned? Riyadh, the capital city of Saudi Arabia is situated on a plateau in the centre of the Arabian Peninsula. The retail industry in Riyadh is slowly transforming to the western model. Majority of the kingdom’s retail outlets in Riyadh are spread across super-regional, regional and structured shopping centers that have replaced the traditional strip malls and shopping center retail concept. The retail sector in Saudi Arabia has been hardest hit on the demand side by the expatriate exodus. Consumer staples have borne the brunt of the downturn. The cut-throat price-cutting has eased down a bit, but consumers are still price-sensitive. The retail real estate market has witnessed oversupply of retail space over the past few years. The supply-demand gap witnessed an unprecedented increase of ~% in 2018 owing to lower demand in Western and Southern Region, increasing preference for online shopping, lack of international brands and several other reasons. The average occupancy rates of super-regional, regional and community center malls within Riyadh were evaluated at ~%, ~% and ~% respectively in the year 2018. Factors Influencing the Residential Market in Riyadh Cinemas, Food & Beverages, Entertainments Segments in Shopping Centers With e-commerce on the rise, cinemas, F&B and entertainment options are becoming increasingly important features of shopping centers, and will continue to play a greater role in influencing this retailing sector. Saudis were spending about USD ~ billion annually on tourism and development outside the Kingdom, which makes the argument to allow movie theatres open a domestic market expected to be worth up to USD ~ billion in annual box-office sales by 2030. Retail Spending Trends Retail spending which includes revenue generated from food and non-food retail outlets ranging from small convenience stores to large scale supermarkets and hypermarkets has been rapidly rising in the city. The rise in per capita disposable income in the country has positively impacted an individual’s expenditure on food and non-food products during the review period. This has enhanced profit for a broad category of retailers ranging from single store retail outlets to those located in malls. Interested to Know More about this Report- Request for a sample report Introduction of VAT In a market that has been tax-free, the introduction of VAT, even at a relatively low rate of 5.0%, has caused a shift in consumer behavior. The consumers in Saudi are cost-conscious. Companies that can tap into additional value through economies of scale, or provide greater convenience, are reaping the rewards. However, the retail sector is expected to rebound by 2019. The Saudi government’s initiatives such as allowances to public sector employees and increases in subsidies and social spending will help boost the purchasing power of Saudi citizens. Tourism, Population and Demographics Another major factor influencing the retail market in Riyadh is the tourism. This strong growth in the tourist arrivals has impacted positively on retailers. The international arrivals to Saudi Arabia are expected to increase ~% per year from 2018 to 2023. Moreover, the majority ~% of the population is aged 30 or under, the prime market for retailers. They are probably newlyweds so household formation is a big driver – the furniture and white goods needed in a new house, all the other things that follow: nursery items, children’s outfits, and so on. Rising Disposable Income The disposable income in the country were estimated to reach SAR ~ billion in 2018 increasing from SAR ~ billion during 2013 at a CAGR of ~% over the years. The growth in disposable income has improved the standard of living with individuals increasing their expenditure on entertainment and consumer retail products. The rising expenditure by individuals has positively impacted demand for retail space, especially in regional and super-regional malls. Growing Presence of Hypermarkets and Supermarkets Hypermarket and supermarket chains continue to expand in Saudi Arabia. The total number of supermarkets and hypermarkets in Saudi Arabia in 2016 were estimated at ~ stores, accounting for approximately ~% of retail outlets. A major trend witnessed in recent years is the shift in location of hypermarkets and supermarkets from stand-alone stores towards developed regional and super-regional malls due to the increase annual footfall across these retail formats. Major hypermarkets including Abdullah AlOthaim Markets, Lulu Group and Savola Group have built supermarkets and hypermarkets with dedicated area for retail outlets, restaurants and family entertainment zone. Visit this Link :- Request for custom report Emergence of International Brands A high amount of retail space is expected to enter the market to meet the demand generated by the emerging international brands. Currently, there are numerous international brands that are willing to open stores in Riyadh since the opening up of the economy and growing awareness of international brands within the general public. Relaxation in Investment Regulation Given the oversupply of retail space, especially in Riyadh, the government has eased investment regulation in the retail sector to boost inflow of international brands into the country. In June 2016, the Saudi government announced that it will allow foreign companies to wholly own Companies in the Saudi retail and wholesale trade sector (allowance of ~% FDI). Foreign companies were previously required to partner with Saudi investors to establish retail or wholesale outlets, and may still find it advantageous to do so. Tenant Mix The shift towards mega and structured shopping malls has been the result of tenants who were seeking to garner the benefit from the higher footfall and integrated spaces and a shift in consumer shopping experience towards leisure and entertainment. Tenant mix in the resident malls is mainly focused on fashion with more than ~% space, health & beauty holds around ~% space and the entertainment section has around ~% space in the overall mall. To attract the customers and get them walking through the entire centre, designers, developers, and managers try to optimize the selection and special configuration of tenants in a shopping center. The attractiveness of shopping centers is at least partially related to the composition of the tenant mix. Climate Conditions Majority of cities in Saudi Arabia either experience hot and humid weather or hot and dry weather throughout the year, making indoor facilities an ideal leisure destination amongst the population. Thus, majority of individuals prefer to spend their summer vacation and free time in malls and community centers, especially during the festival of Ramadan. 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 Keywords:- Riyadh Retail Market Retail Industry In Riyadh Retail Market In Riyadh Riyadh Retail Market Growth Riyadh Retail Market Major Players Riyadh Retail Market Revenue Riyadh Retail Real Estate Market Market Retailers in Riyadh Retail Market Projects in Riyadh Retail Development in Riyadh Riyadh Market Structure Plan Number of Supermarkets in Riyadh Number of Hypermarkets in Riyadh Retail Overview in GCC Future Analysis Retail Supply Riyadh Future Community Center Mall Supply Riyadh Riyadh Retail Restaurants Rental Prices Rentals Outside Malls in Western Riyadh 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