Saudi Arabia: Sales up during Ramadan
The Saudi commercial markets have seen a three-fold rise in demand for goods in the days before the holy month of Ramadan, which started on Wednesday. The average spending per capita in Ramadan is estimated between SR100 (US$27) to SR 500 (US$133).
A number of officials working at shopping malls reported that since Saturday the number of consumers, locals and expatriates, increased. Ramadan is the most important month in terms of the volume of sales, mainly for food products. The volume of the food market in the Kingdom is put at about SR100 billion while the month of Ramadan is responsible for more than 15% of the overall market.
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