Page 68 - Metro Brazil PR Report - March 2024

Metro Brazil expands footprints in KSA to contribute to booming retail and eCommerce market – The Fashion With Style
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 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,

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. 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.”

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