Saudi Arabia Luxury Market Overview, and Analysis Report 2022-2027
Saudi Arabia Luxury Market Overview: According to the latest report by IMARC Group, titled “Saudi Arabia Luxury Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the Saudi Arabia luxury market reached a value of US$ 7.41 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 14.24 Billion by 2027, exhibiting a CAGR of 11.72% during 2022-2027. Saudi Arabia is one of the richest Arab countries as well as the fastest-growing economies in the world. On account of the sustained economic growth and high per capita income, the country has witnessed an increase in spending on luxury products and services…