20 Hrs
Source:
الاقتصادية
Riyadh's shopping centers at 91% occupancy
Retail market data in Saudi Arabia confirms the stability of its fundamentals during the first half of 2026, with ongoing strong demand for retail spaces in major cities. In Riyadh, shopping mall rents increased by 1.2% to 2,650 SAR per square meter, while the occupancy rate remained steady at 91%. The Jeddah market also maintained resilience, with occupancy rising to 88%, and Dammam saw an increase to 94%. Lifestyle-based retail projects continue their rapid growth, with expansions underway in Riyadh and Jeddah. The restaurant sector is also growing rapidly, with over 434 restaurants and cafes currently operating. Retail trade is expected to reach 470 billion SAR by 2030, supported by commercial expansion and significant investments.
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