Market Insights

The World's Upcoming Industrial Powerhouse

KSA offers access to over 400 million consumers within the MENA region.

The fashion sector accounts for 1.4% of the Kingdom’s gross domestic product (GDP), with plans to raise this contribution to 2% by 2030.

Saudi Arabia is ranked 8th on the Global Retail Index, and its’ retail fashion market value is $24 billion.

The fashion retail sector is growing at 11%, which is among the highest rates in the world, and consumer spending is increasing by 18% annually.

With a GDP exceeding $833 billion, KSA is one of the world’s largest economies.

Saudi Arabia dominates the region in revenue and market share of leather goods due to high purchasing power and sustainable demand.

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