Page 52 - Metro Brazil PR Report - March 2024
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Metro Brazil expands footprint to Saudi Arabia
        Metro Brazil expands footprint to Saudi Arabia

        DUBAI, 24 days ago
        Metro  Brazil,  the  leading  retail  and  eCommerce  company  for  Brazilian  shapewear  in  the  Middle  East,  has
        expanded its operations to Saudi Arabia aiming to enhance the growing retail sector.

        Projections indicate a substantial expansion of the KSA retail market, anticipated to reach $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 expected to grow at a compound annual growth rate (CAGR) of
        15.01 per cent to reach $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.

        Rising consumer spending power
        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,  customer-centricity,  and
        global growth. Our mission is to provide unparalleled choices in luxury fashion shapewear, tailored precisely to
        the discerning tastes of customers across the KSA region. Thorough market research studies were conducted by
        our team of experts to understand Saudi consumers’ demands, preferences, and purchasing habits.

        Ultimate destination
        “With a steadfast focus on technological innovation, we will deliver a seamless and secure shopping experience
        that precisely caters to the unique demands of the market. We look forward to establishing the company as the
        ultimate destination for premium Brazilian brands through various strategic partnerships and investments, thereby
        enriching individuals’ confidence.”


        Metro  Brazil’s  research  is  centred  on  customising  online  shopping  experience  to  successfully  meet  the
        expectations  of  KSA  customers  by  taking  into  account  the  cultural  nuances  and  fashion  trends  as  well  as
        incorporating local payment methods.


        While  the  KSA  eCommerce  market  is  growing  positively,  the  UAE  market  is  projected  to  reach  $9.2  billion  in
        2026, creating 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  traditional  retail
        experiences and the digital marketplace.

        Additionally, the company’s plans include collaborations with local finance and investment organisations, such as
        Growth  Venture  Capital,  Investment  Pools,  and Angel  Investors,  as  well  as  access  to  emerging  markets  and
        incentives for technological advancements.--TradeArabia News Service

























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