Riyadh to Host Retail Leaders Circle MENA Summit on Monday

A car drives past the Kingdom Center Tower in Riyadh, Saudi Arabia, November 12, 2017. (Reuters)
A car drives past the Kingdom Center Tower in Riyadh, Saudi Arabia, November 12, 2017. (Reuters)
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Riyadh to Host Retail Leaders Circle MENA Summit on Monday

A car drives past the Kingdom Center Tower in Riyadh, Saudi Arabia, November 12, 2017. (Reuters)
A car drives past the Kingdom Center Tower in Riyadh, Saudi Arabia, November 12, 2017. (Reuters)

Retail Leaders Circle (RLC) MENA Summit will kick off in Riyadh on Monday, in partnership with “Invest Saudi” and under the patronage of Minister of Commerce and Investment Majed al-Qasabi.

More than 50 speakers will take part in the summit, in addition to a group of experts and decision-makers in the regional retail sector.

The two-day summit will convene in the Saudi capital under the theme “Future Retail & Consumer: Thriving in a Changing Environment.” It will bring together more than 1,500 retail leaders, brand owners, SMEs, industry stakeholders policy-makers and investors.

It will organize dialogues and workshops that will focus on several significant topics that address the changing environment of retail and consumption in the Kingdom and the region.

It aims to shed light on Saudi Arabia’s plans to become a pioneer in business, investment and retail in line with its Vision 2030 goals.

The Kingdom’s hosting of the event coincides with Saudi Arabia taking over the G20 presidency.

The partnership between Invest Saudi and RLC is part of efforts by the Saudi Arabian General Investment Authority to attract key world and regional events that bring together business pioneers and decision-makers.

Significantly, Saudi Arabia ranked seventh in retail trade according to the 2019 Global Retail Development Index.



GASTAT: Saudi Industrial Production Index Increases by 3.4% in November 2024

GASTAT publishes the IPI monthly. SPA
GASTAT publishes the IPI monthly. SPA
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GASTAT: Saudi Industrial Production Index Increases by 3.4% in November 2024

GASTAT publishes the IPI monthly. SPA
GASTAT publishes the IPI monthly. SPA

Saudi Arabia’s General Authority for Statistics (GASTAT) said Thursday that the Industrial Production Index (IPI) statistics for November 2024 showed a 3.4% increase compared to the same month of the previous year.

This increase is driven by growth in mining and quarrying, manufacturing, water supply, sewerage, and waste management and remediation activities, GASTAT said.

Furthermore, the sub-index of mining and quarrying activity increased by 1.2%, and the sub-index of manufacturing activity increased by 7.2%.

The sub-index of electricity, gas, steam, and air conditioning supply activity recorded a decrease of 2.1%, and the sub-index of water supply, sewerage and waste management and remediation activities increased by 10.5%.

The IPI by main economic activities increased by 3.8% compared to the same month of the previous year, while the index of non-oil activities also increased by 2.4%.

GASTAT publishes the IPI monthly. It is an economic indicator that reflects the relative changes in the volume of industrial output. It is calculated based on the industrial production survey.