Peak Selling Season of Saudi Shemagh

 A seller displays dozens of shemaghs, as sales reach their peak at the end of Ramadan. (Asharq Al-Awsat)
A seller displays dozens of shemaghs, as sales reach their peak at the end of Ramadan. (Asharq Al-Awsat)
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Peak Selling Season of Saudi Shemagh

 A seller displays dozens of shemaghs, as sales reach their peak at the end of Ramadan. (Asharq Al-Awsat)
A seller displays dozens of shemaghs, as sales reach their peak at the end of Ramadan. (Asharq Al-Awsat)

Experts in the manufacturing and import of the Saudi shemagh revealed that this traditional dress has reached the highest annual sales season, recording sales estimated at about 900 million riyals annually.

They pointed to new consumer trends, especially among the younger generation, as a number of international brands have joined the race to acquire the biggest share of the market.

The shemagh is a traditional garment for men in the Arabian Gulf region and some Arab regions in Iraq, Jordan, Syria and Yemen, where it is considered part of the culture men’s clothing, whether at work or during social events and others.

In remarks to Asharq Al-Awsat, CEO of Al-Imtiaz Company Ltd., Fahd bin Abdulaziz Al-Ajlan, said that the volume of the shemagh market ranged between 700 and 900 million riyals annually.

He added that between 9 and 11 million shemaghs and ghutras were sold annually, stressing that the percentage of sales during Eid al-Fitr season and other holidays represented nearly 50 percent of the annual sales volume.

Regarding market and consumer trends, Al-Ajlan indicated that the majority of consumers of the shemagh and ghutra belonged to the young generation born between 1997 and 2012.

He noted that international brands, such as Pierre Cardin, S.T. Dupont, Cerruti 1881 and others, have joined the shemagh and ghutra market, contributing to raising the quality and specifications of the product.

For his part, Nasser Al-Hamid, manager of a shemagh shop in Riyadh, explained that the sales increase in the last ten days of Ramadan every year and reach their peak in the last two nights before Eid al-Fitr.

Hamid also noted that the market has witnessed, in the last ten years, a variety of new designs and brands, paving the way for a greater competition between companies in terms of quality and price, and in marketing campaigns.



QatarEnergy Orders Six More LNG Vessels from China State Shipbuilding

QatarEnergy Orders Six More LNG Vessels from China State Shipbuilding
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QatarEnergy Orders Six More LNG Vessels from China State Shipbuilding

QatarEnergy Orders Six More LNG Vessels from China State Shipbuilding

QatarEnergy has signed a deal with China State Shipbuilding Corporation to buy six additional ultra-large ships to carry liquefied natural gas, it said on Monday, raising such vessels it has on order to 128 as part of a fleet-expansion programme.

The ships, QC-Max, are the largest LNG vessels ever built, with a capacity of 271,000 cubic metres each, QatarEnergy said, Reuters reported.

They will be built at China's Hudong-Zhonghua shipyard, with delivery expected between 2028 and 2031.

QatarEnergy, already among the world's top LNG exporters, will boost its position with its North Field expansion project, which will ramp up Qatar's liquefaction capacity from 77 million tons per annum to 142 mtpa by 2030.

The agreement with CSSC takes the total number of QC-Max vessels on order by QatarEnergy to 24, worth a total of about $8 billion, QatarEnergy said.