Dubai-based retailer Spinneys opens first store in Saudi Arabia's Riyadh, aligning with Vision 2030 and aiming for 12 stores by 2028.
Dubai-based retailer Spinneys has opened its first store in Saudi Arabia's affluent An Nuzha district of Riyadh, expanding beyond the UAE and Oman. This aligns with Saudi Arabia's Vision 2030 initiative and supports a projected 6.4% CAGR in the Kingdom's affluent population between 2022-28. The company plans to expand presence in Riyadh and Jeddah, aiming for 12 stores by 2028.
June 24, 2024
3 Articles