Saudi Arabia has emerged as one of the largest luxury goods market in the GCC region owing to rapid digital transformation, varying economic trends, and evolving consumer preferences and tastes. The country’s young population has one of the highest disposable incomes in the world which has created  a high demand for luxury goods across the country.

The Saudi Arabia luxury market has witnessed strong growth over the past several years. The high per capita income, along with rising tourist inflow and increasing investments in retail infrastructure projects, is giving an impetus to the market growth.

Source: Saudi Arabia Luxury Market to Reach US$ 22 Billion by 2024