24 Hrs
Source:
الاقتصادية
Riyadh shopping centers at 91% occupancy
The data shows that the retail market in Saudi Arabia, led by Riyadh, Jeddah, and Dammam, maintained its stability during the first half of 2026, with strong demand for retail spaces. In Riyadh, shopping mall rents increased by 1.2% to 2,650 riyals per square meter, with occupancy rates remaining steady at 91%. The demand for strategic spaces in Dammam continued, with an occupancy rate of 94%, while in Jeddah it rose to 88%. The food and beverage sector also experienced rapid growth, with increasing demand for healthy and casual dining concepts, supporting the sector's expansion, which is expected to reach a value of 470 billion riyals by 2030. The retail market remains driven by consumer resilience, stable inflation, and rising spending through digital payment channels, with e-commerce spending up by 42% and point-of-sale transactions increasing by 4.4%. Overall, these indicators bolster investor confidence and long-term growth prospects for the Saudi retail sector.
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