24 Hrs
Source:
الاقتصادية
Riyadh Shopping Centers Fully Occupied
Retail market reports in Saudi Arabia indicate that its fundamentals remained stable during the first half of 2026. Strong demand for shopping centers in Riyadh persisted, with rents increasing by 1.2% to 2,650 riyals per square meter, and the occupancy rate remaining steady at 91%. Jeddah maintained its resilience with an occupancy rate of 88%, while Dammam saw this figure rise to 94%. The market is experiencing an expansion in available spaces, and the food and beverage sector continues to grow alongside e-commerce. Spending increased to 425 billion riyals in the first quarter of 2026, supported by lower inflation rates and ongoing non-oil growth. These trends reflect sector stability and prospects for further expansion in the future.
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