Page 44 - Metro Brazil PR Report - March 2024
P. 44

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































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