UAE, Saudi Arabia and Qatar can easily take in more luxury brands

In 2021, there was increased activity in Saudi Arabia where historically Dubai was the focus for new store openings. The Kingdom’s luxury market continues to grow rapidly with forecasts suggesting sales could reach $22.2 billion by 2024, reflecting an average annual growth rate of 7.2 per cent between 2019-24.

Saudi Arabia is on top of the agenda for many brands. Traditionally, Saudi nationals have…