Riyadh Shopping Mall Market, Riyadh Retail Mall Demand - Ken Research

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Increasing Retail Supply along with a Slow
Conversion Rate is Expected to cause Retail
Oversupply to Reach GLA of 439 thousand Sq M. by
2021 Ken Research
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High disposable income and government initiatives
to diversify the economy and encourage foreign
investment and ownership will augmented retail
expenditure in Riyadh. Factors including
location, neighboring competition, catchment area
and efficiency of mall management are taken into
consideration before the construction of retail
development projects.
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Saudi Arabian General Investment Authority
allowed 100 FDI in the retail sector, giving
international brand the ability to set up their
outlets in the Kingdom without partnering with
local entities Ken Research in its latest
study, Riyadh Retail Real Estate Market Outlook
to 2021 suggests that retail oversupply will
continue to exist in the future. However, major
mall developers have delayed large scale projects
to reduce downward pressure on rent and augment
occupancy rate across the city. Existing and new
entrants will look to capitalize on competitively
priced land across northeastern and southern
Riyadh. Total retail supply in Riyadh is
projected to achieve a CAGR of 17.2 during the
period 2016-2021. Conversely, Retail demand is
estimated to witness a CAGR of 14.8 during the
same period.
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• The evolution of the retail sector has
  transformed the Kingdoms landscape from small
  and unorganized retail outlets to the development
  of large scale shopping malls. The primary reason
  for this trend is because retailers have realized
  the increased number of visitors to regional and
  super regional malls as a result of integrated
  spaces and a shift in consumer shopping
  experience towards leisure and entertainment.
• Saudi Vision 2030 with respect to feminization in
  the retail sector has targeted women
  participation in the workforce to increase from
  the current 22 to 30 in the future. Increasing
  female participation in the retail sector will
  positively impact growing number of female owned
  businesses coupled with higher income and
  spending power. A crucial factor that has further
  aided retail sales is the country is the lack of
  recreational activities available across the
  country.

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• The Kingdom has banned cinemas and other forms of
  recreation and entertainment. Mall and community
  center shopping is one of the few socially
  acceptable and widely accessible leisure and
  recreational options available to families within
  the country.
• Key Topics Covered in the Report
• Al Sadhan Malls in Riyadh
• Riyadh Shopping Mall Market
• Growth Shopping Centres in Riyadh
• Riyadh Retail Mall Demand
• Riyadh Retail Supply Gross Leasable Area
• Shopping Malls in Saudi Arabia
• Future Outlook Retail Supply Riyadh
• Case Study Othaim Mall in Riyadh
• Community Center Riyadh Market
• Super Regional Malls Market Saudi Arabia

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• For further reading click on the link below
• https//www.kenresearch.com/manufacturing-and-cons
  truction/real-estate/riyadh-retail-real-estate-mar
  ket/122993-97.html
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Contact Ken Research Ankur Gupta, Head
Marketing Communications query_at_kenresearch.com
91-124-4230204