1、12024THE STATE OF FASHION SECTOR IN SAUDI ARABIA2024THE STATE OF FASHION SECTOR IN SAUDI ARABIA2ContentForeword CEO Message Introduction:The Role of Fashion in Shaping Vision 2030 Saudi Arabia,the Regions Fashion Powerhouse Demand The Demographic Advantage:Driving Saudi Arabias Fashion Growth The In

2、fluence of Young Saudi Shoppers on Luxury Spending Leakage Reduction Consumers Increasingly Engaging with Omni-Channel Experience Destination Saudi Arabia:Cater to Tourists Diverse Retail and Entertainment Needs Supply Fashion in Saudi:A Mall-Driven Market,Now and Beyond Activation of Massive Retail

3、 Pipeline:Developers Search Brands to Bring Retail Areas to Life Global Brands Penetration:Opportunity to Lead the ChangeBrands Big Bet,Direct Entry:Opportunity for Local Facilitators in JVs and Franchises Harnessing Saudis Passion for Fashion:How Brands Are Engaging Local Consumers The Rise of Vibr

4、ant Saudi Homegrown Fashion Tap into Saudi Potential:Unlocking Capacity and Nurturing Talent Designing a Sustainable Future for Saudi FashionDeep Dive Apparel,Footwear&Accessories:Mirroring Saudis DynamismSportswear:A Bright Spot in the Fashion Market Luxury Jewelry:A Staple for Affluent Saudi Women

5、 Beauty:A Growth Accelerator in the Fashion Market AppendixGlossary References 0304071418 21273237414548535966717581859192010203 04050607080910111213141516173Burak Cakmak CEO of the Saudi Arabia Fashion CommissionCEOMessageAs we reflect on our journey,it is with great pride that I share the strides

6、we have made in developing Saudi Arabias fashion industry.Our nation has embarked on a profound transformation across multiple sectors,ushering in a new era for our rich local culture.The fashion sector has significantly contributed to this progress.As a result,we now stand on the brink of a USD 33