Surprise: Saudi Arabia’s Shocking Leap to Third Place in Global Retail: How Did They Do It?

The Global Retail Development Index (GRDI) is a comprehensive ranking of countries based on their appeal to retail investors. It considers a variety of factors, including market size, economic and political stability, ease of doing business, and consumer behavior. Saudi Arabia has seen a remarkable increase in GRDI in recent years, cementing its position as one of the top retail development destinations. Saudi Arabia’s rise to third place in the GRDI can be attributed to several key factors, including a favorable business climate and retail market potential. Economic Stability and Market Size Saudi Arabia has the largest economy in the Middle East and North Africa. With a population of over 34 million, it provides a sizable consumer base with growing purchasing