International and regional retailers committed to investing in Saudi Arabia’s shopping malls

International and regional retailers committed to investing in Saudi Arabia’s shopping malls

- Evolving customer preferences will allow for new mixed-use and entertainment-focused offerings giving shoppers a richer and more personalized experience

- Planned new entries devoting 50 percent of space to entertainment

- RLC to convene regional and global industry leaders in Riyadh 7 - 8 March 2023

- Strategic discussions to include ‘Purpose-Driven Experiences’

Riyadh, KSA – The rapid pace of retail development in Saudi Arabia creates opportunities for international and regional developers to invest in digitally-enabled, immersive mall experiences to attract consumers and retain loyalty.

The integration of digital experiences with physical stores in the Kingdom will be a central theme at the 9th Retail Leaders Circle (RLC) MENA Summit. The Summit, the most important strategic forum for the MENA retail sector, takes place in Riyadh next month. Policymakers and thought leaders will gather from 7 - 8 March to discuss how increased investment can drive positive change in the industry.

Cenomi Centers, the country’s largest owner, developer and operator of retail and lifestyle destinations, is adding 728,000 square meters of gross leasable area (GLA) with seven new developments in the pipeline, including three new flagship projects – Jawharat Riyadh, Jeddah and Al-Khobar.

Elsewhere in the Kingdom, mixed-use developments like Majid Al Futtaim Group’s Mall of