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consumer spending in middle east driven by youth and digitalization trends

Consumer spending in Saudi Arabia is projected to grow robustly, driven by a youthful population and digitalization, with a compound annual growth rate of 6.4% from 2022 to 2028. Key sectors benefiting include electronics, food and beverages, and entertainment, as consumers prioritize quality and value. The rise of e-commerce and digital payment solutions is reshaping shopping behaviors, with a significant shift towards premium products and personalized experiences.
Arab News Japan
United States Dollar Euro Visa Inc. SAU ARE Sunil Kumar Ali Bailoun Jim Liu Usman Iftikhar Show more
Business & Industry, Market Report
09:30 01.04.2025

consumer spending in saudi arabia shows resilience amid economic changes

Consumer spending in Saudi Arabia is projected to remain strong, driven by a youthful population and digital advancements, with a compound annual growth rate of 6.4% from 2022 to 2028. Key sectors benefiting include electronics, food, entertainment, and travel, as consumers prioritize quality and value. The rise of e-commerce and digital payment solutions is reshaping shopping behaviors, with a notable demand for fresh, premium products and personalized experiences.
Arab News Japan
United States Dollar Euro Visa Inc. Oliver Wyman LLC Alixpartners LLP SPINNEYS 1961 HOLD SAU ARE IND Sunil Kumar Ali Bailoun Jim Liu Usman Iftikhar Show more
Business & Industry, Market Report
08:18 01.04.2025
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