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Metro Brazil expands footprints in KSA to contribute to booming retail and eCommerce market - LogisticsGulfNews.com
Metro Brazil expands footprints in KSA to
contribute to booming retail and
eCommerce market
by Kevin Vaz March 12, 2024 in E-commerce
The company’s expansion is a result of thorough research on customer expectations, cultural
nuances, fashion trends, and local payment methods. The Saudi Arabia shapewear and stocking
market is projected to reach a market size of more than USD 7 million by 2028
Metro Brazil, the leading retail and eCommerce
company for Brazilian shapewear in the Middle East,
expanded its operations into the Kingdom of Saudi
Arabia (KSA) with its commitment to enhance the
growing retail sector. Projections indicate a substantial
expansion of the KSA retail market, anticipated to reach
USD 54.46 billion by 2028. Metro Brazil is poised to
leverage this growth with its state-of-the-art eCommerce
platform, and best in class products, addressing the
evolving demands of the fashion retail market.
Notably, the Saudi Arabian eCommerce market is
Alaa Kara Ali- CEO, Metro Brazil expected to grow at a compound annual growth rate
(CAGR) of 15.01 per cent to reach USD 27.37 billion by
2029. This upward trajectory in eCommerce revenue is poised to make a significant and positive impact
on the overall economy of KSA. The growth of the market is attributed to several factors such as rising
consumer spending power and economic diversification under Vision 2030, aiming to boost productivity
and become one of the largest economies in the world, especially in line with their plans for Riyadh Expo
2030.
By expanding into the region, Metro Brazil aims to tap into the thriving market, leverage opportunities for
growth, and contribute significantly to the flourishing economy, all while adhering to their global expansion
goals.
Alaa Kara Ali, CEO of Metro Brazil, commented: “Our expansion into the KSA market marks a pivotal
milestone in our journey. This strategic step reaffirms our unwavering commitment to innovation,
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