Saudi firms to partake in MOTEXHA Autumn 2004
Reinforcing its position as the region's premier sourcing platform for the fashion, textiles and leather industry in the Middle East, the upcoming MOTEXHA Autumn 2004 will see a large number of traders from the Kingdom of Saudi Arabia (KSA). Leading business groups such as the Landmark Group,
are also looking at sourcing trends for their new fashion brand MAX; which has retail presence in KSA, at the Autumn show. MOTEXHA is being held between September 7 and 10, 2004 at Dubai International Exhibition Centre (DIEC).
Being the largest retail market in the Middle East, Saudi Arabia has emerged as a lucrative growth market for MOTEXHA exhibitors looking to enter or expand their regional presence. The size of the population, combined with the high proportion of young people - over 80 percent of the population is under 40 - and the high levels of disposable income make Saudi Arabia the fastest growing market for consumer products in the Middle East.
"Over the years, we have seen a increase in the number of trade visitors from Saudi Arabia looking to source quality merchandise to support increasing consumer demand. With a booming economy, Saudi has witnessed phenomenal growth in retail sales in the recent past. According to a recent report in the Economist, retail sales increased by 15 percent between 1998 and 2002, and reached an estimated US$ 43.5 billion in 2002 (22 percent of GDP), while the increase in retail spending from 2003 to 2007 is forecast
at 18 percent, representing an annual average of 3.6 percent. Thus, a larger number of buyers from Saudi spells good news and big business for our exhibitors," stated Ferry Lee, Marketing Manager, IIR Exhibitions, the organizers of the show.
© 2004 Mena Report (www.menareport.com)