Saudi retail real estate sector is undergoing a major transformation, driven by the country's Vision 2030 initiative. With Riyadh, Jeddah and other key cities seeing a surge in retail developments, the 2025-26 outlook remains optimistic, said a report.
Majid Al Futtaim has announced a landmark AED5 billion ($1.36 billion) investment to transform the Mall of the Emirates into a next-generation lifestyle hub, adding 20,000 sq m of more retail space alongside four new entertainment offerings by late 2026.
Quiqup, a UAE-based e-commerce logistics provider, has launched its core fulfillment and delivery services in Saudi Arabia, marking a major milestone in its regional expansion.
Majid Al Futtaim has announced plan to open 30 new stores across its lifestyle portfolio in 2025, spanning both luxury and high street brands. It includes five standalone stores of Italian brand Eleventy and the debut Poltrona Frau store in Saudi Arabia.
Titan Company, India’s premier fashion and accessories powerhouse under the Tata Group, has launched a multi-brand lifestyle destination store - a concept that brings three of its top brands - Tanishq, Titan Watches and Titan Eye+ - under one roof.
Investcorp Capital, a major player in the private markets and alternative investment sector, has announced that it has completed the sale of its US industrial real estate portfolio - spanning 2.3 million sq ft across six states - for $360 million.
New Balance, a major global sports footwear and apparel manufacturer, has opened its new location at Mirdif City Center, Dubai. With this new launch, its tenth store in UAE, the brand reinforces its commitment to growth and innovation in the Middle East.
DHL Group, a leading logistics company, has signed an agreement with the e-commerce marketplace Temu to deepen their cooperation and help support local SMEs in established markets as well as in growth markets such as Eastern Europe and the Middle East.
Vinsmera Group, a jewellery enterprise based in India, plans to invest Rs20 billion ($232 million) over the next two years to establish a key retail chain and manufacturing unit in UAE. It will open flagship showrooms in Abu Dhabi, Dubai and Sharjah.
British design company Paul Smith has announced its foray into the regional retail market with the opening of its new store in Saudi Arabia. It is located at the Solitaire, a luxurious retail, lifestyle and entertainment destination in capital Riyadh.
