RIYADH: The potential of Saudi Arabia’s retail sector is unlike any other in the world, industry leaders have told Arab News during a high-profile gathering in Riyadh.
Speaking on the sidelines of the RLC Global Forum, regional and international voices expressed confidence in the Kingdom’s growing role as a hub for the industry’s evolution, diversification, and investment.
Saudi Arabia’s Vision 2030 economic diversification plan, supported by targeted investment strategies and growing collaborations, were cited as key forces driving the nation’s retail transformation.
Dennis Michael, chief business development officer at shopping malls developer Cenomi, told Arab News that Saudi Arabia’s long-term economic framework has laid the foundation for local and foreign partners to operate efficiently and expand.
“From a broad macro perspective, Vision 2030 sets the framework for what we are all trying to achieve and opens the doors of the Kingdom to the world,” he said.
