Page 70 - Metro Brazil PR Report - March 2024

Metro Brazil expands footprints in KSA to contribute to booming

retail and eCommerce market

 13/03/2024

• 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

UAE, March 12, 2024

Metro Brazil, the leading retail and eCommerce company for Brazilian shapewear in the Middle East, expanded its operations into
Kingdom of Saudi Arabia (KSA) with its commitment to enhance the growing retail sector. Projections indicate a substantial expa

the KSA retail market, anticipated to reach USD 54.46 billion by 2028. Metro Brazil is poised to leverage this growth with its
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 re
USD 27.37 billion by 2029. This upward trajectory in eCommerce revenue is poised to make a signi

overall economy of KSA. The growth of the market is attributed to several factors such as rising consumer spending power and ec
diversi

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 contrib
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signi
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