Thereby contributes to booming retail and e-Commerce market
Metro Brazil, the leading retail and e-Commerce company for Brazilian shapewear in the Middle East has expanded its operations into the Kingdom of Saudi Arabia (KSA) with its commitment to enhance the growing retail sector.
Projections indicate a substantial expansion of the KSA retail market, anticipated to reach US$ 54.46bn by 2028. Metro Brazil is poised to leverage this growth with its state-of-the-art eCommerce platform, and best in class products, addressing the evolving demands of the fashion retail market, according to a press communique.
Notably, the Saudi Arabian eCommerce market is expected to grow at a compound annual growth rate (CAGR) of 15.01 per cent to reach US$ 27.37bn by 2029. This upward trajectory in eCommerce revenue is poised to make a significant and positive impact on the overall economy of KSA.
Thriving market
By expanding into the region, Metro Brazil aims to tap into the thriving market, leverage opportunities for growth, and contribute significantly to the flourishing economy, all while adhering to their global expansion goals.
“We look forward to establishing the company as the ultimate destination for premium Brazilian brands through various strategic partnerships and investments, thereby enriching individuals’ confidence,” affirmed Alaa Kara Ali, CEO, Metro Brazil.
Furthermore, to capture a considerable size of the KSA shapewear and stocking market which is projected to reach a market size of more than US$ 7mn by 2028, the company will officially open physical showrooms in Riyadh and Jeddah, as part of their new expansion strategy, bridging the gap between traditional retail experiences and the digital marketplace.
