Gulf's Most Promising Organised Retail Market Poised For Growth

Having emerged through 2009 fairly resiliently - a GDP contraction was narrowly avoided with output edging up 0.18% year-on-year (y-o-y) - Saudi Arabia's near-medium-term consumer outlook appears strong. We see 2010 headline mass grocery retail (MGR) sales growing 5.31% y-o-y with annual growth between 2011 and 2014 coming in at 6.95%.

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