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Consumer Goods and Services
Consumer Goods and Services
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sophia grace
3 posts
Mar 21, 2024
3:34 AM
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The Saudi Arabia luxury market Size is undergoing a transformation, poised for remarkable growth in the coming years. With a projected CAGR of 7% between 2024 and 2032, the market is set to reach approximately USD 35.42 billion by 2032, up from USD 19.23 billion in 2023.
This surge is fueled by factors such as rising disposable income, a burgeoning affluent population, and government initiatives to boost tourism and cultural events. As a result, the demand for luxury goods and services across various sectors is on the rise.
Key players in the market, including international luxury brands like Louis Vuitton, Chanel, and Rolex, are expanding their presence and offerings to cater to the discerning tastes of Saudi luxury consumers.
From fashion and accessories to hospitality and automotive, luxury finds diverse applications in Saudi Arabia, offering exclusive experiences and personalized services to affluent individuals, HNWIs, and UHNWIs.
Stay tuned as the Saudi Arabia luxury market evolves, offering unparalleled opportunities for luxury brands and consumers alike.
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Ehtisham
6 posts
Mar 21, 2024
3:54 AM
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Unleash your inner style icon with our botanical print dress, a symbol of sophistication and grace. Its classic design and versatile silhouette ensure you radiate confidence wherever you go.
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