The Dubai luxury retailer, Chalhoub Group stated that Saudi Arabia is its top performing market this year, driven by more women joining the workforce and earning disposable income to spend on high-end goods.
The group is opening more stores than it is closing in the kingdom to capture growth across cities as social change and government spending on new projects boost the economy, Patrick Chalhoub, CEO – Chalhoub Group
“Saudi Arabia is the best-performing market by far,” Mr Chalhoub said. “We have this phenomenon where the women are still attended by their families but at the same time have their own income, which will make them consume. This social change by itself is influencing a lot of growth.”
