Page 41 - Metro Brazil PR Report - March 2024
P. 41
4/5/24, 3:18 PM UAE Business: Metro Brazil expands footprint to Saudi Arabia
While the KSA eCommerce market is growing posi vely, the
UAE market is projected to reach $9.2 billion in 2026, crea ng
an opportunity for Metro Brazil's success in both these
markets.
Furthermore, to capture a considerable size of the KSA
shapewear and stocking market which is projected to reach a
market size of more than $7 million by 2028, the company will
officially open physical showrooms in Riyadh and Jeddah, as
part of their new expansion strategy, bridging the gap between
tradi onal retail experiences and the digital marketplace.
Addi onally, the company’s plans include collabora ons with
local finance and investment organisa ons, such as Growth
Venture Capital, Investment Pools, and Angel Investors, as well
as access to emerging markets and incen ves for technological
advancements.--TradeArabia News Service
https://www.gdnonline.com/Details/1306068/Metro-Brazil-expands-footprint-to-Saudi-Arabia 4/4