Market Growth Projections 📈:

Forecast: The Saudi retail sector is expected to reach SAR 596 billion by the end of 2024, becoming the largest in the region. This growth is driven by the expansion of e-commerce, luxury retail, and increased tourism​ (Argaam)​.

Record Demand for Retail Space 📊:

Cenomi Centers: Cenomi Centers, the leading retail space developer in Saudi Arabia, reported a 35% increase in visitor footfall in 2022, totaling 84.2 million visitors across 21 assets. The View in Riyadh is already at 90% occupancy, and Jeddah Walk has 70% pre-leased tenant levels ahead of its opening​ (Arab News)​.

Major Retail Projects 🏗️: