海角直播

Riyadh airport to revolutionize retail with major expansion: official

Industry leaders and experts attend a panel at the Retail Leaders Circle Global Forum in Riyadh on Wednesday. AN photo by Loai El-Kellawy
Industry leaders and experts attend a panel at the Retail Leaders Circle Global Forum in Riyadh on Wednesday. AN photo by Loai El-Kellawy
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Updated 06 February 2025

Riyadh airport to revolutionize retail with major expansion: official

Riyadh airport to revolutionize retail with major expansion: official

RIYADH: 海角直播 is set to elevate the retail experience at King Khalid International Airport in Riyadh by expanding its duty-free offerings and upgrading infrastructure to better serve passengers.

This was announced by Abdullah Al-Salem, general manager of Commercial Business Development at Riyadh Airports Co., during a panel discussion at the Retail Leaders Circle Global Forum in Riyadh on Wednesday.

Recognizing the importance of enhancing passenger experience, Al-Salem revealed: 鈥淲e鈥檝e expanded the duty-free area by 180 percent, increasing the number of SKUs (stock-keeping units) from 4,000 to 10,000. We鈥檝e also become the first airport in the region to introduce an on-arrival duty-free store.鈥

The official also highlighted ongoing expansion efforts at the airport, including the construction of two new piers鈥擜 and H鈥攚hich will extend terminals 1 and 4.

Al-Salem emphasized that the expansion of terminals 3 and 4, completed last year, has led to a significant boost in retail sales. 鈥淲e鈥檝e seen sales more than triple compared to previous years,鈥 he said.

Riyadh Airports Co. has also emerged as a leader in post-pandemic retail recovery.

鈥淲e were the first airport to recover in terms of retail sales after the pandemic,鈥 Al-Salem noted.

He pointed to the expansion of retail space in terminals 1 and 2, which has nearly doubled in size from 1,100 sq. meters to 2,400 sq. meters, attracting high-end brands.

鈥淲e now have a much better understanding of our customers,鈥 Al-Salem added. 鈥淧assenger behavior is different from that of mall customers,鈥 and the airport teams have developed the expertise needed to cater to their specific needs.

The panel also featured Umair Ansari, senior vice president and general manager of travel retail for Europe, the Middle East, and Africa at The Estee Lauder Companies.

Ansari discussed the evolving nature of luxury and shifting consumer preferences. 鈥淟uxury is not one-size-fits-all,鈥 he said, emphasizing the need to understand what luxury means to individual travelers.

He also discussed the role of digitization in transforming the travel retail experience: 鈥淲hen you start with digitization in mind, you travel differently. We can now engage with passengers before, during, and after their journey, making the entire experience more seamless.鈥

Ansari also touched on the growing influence of Gen Z consumers, who make purchasing decisions based on emotions rather than product features. 鈥淚f you tap into their emotions, you can create a strong connection,鈥 he said.


Saudi delegation strengthens investment, strategic ties with India

Saudi delegation strengthens investment, strategic ties with India
Updated 13 sec ago

Saudi delegation strengthens investment, strategic ties with India

Saudi delegation strengthens investment, strategic ties with India

RIYADH: 海角直播 and India are strengthening bilateral investment and strategic partnerships as a 50-member Kingdom delegation toured three cities, holding meetings and workshops to enhance economic cooperation.

The Federation of Saudi Chambers organized a visit for a delegation from the public and private sectors, comprising senior investors from the Kingdom, to India as part of a program packed with economic and investment meetings and events across three Indian cities: New Delhi, Mumbai, and Visakhapatnam, according to the Saudi Press Agency.

The visit aimed to highlight investment opportunities and incentives in both 海角直播 and India, as well as the business environment and partnership prospects in strategic economic sectors.

It also reflects 海角直播's commitment to diversifying its national economy under Vision 2030 by strengthening international partnerships, attracting strategic investments, and exploring collaboration opportunities in priority economic sectors, thereby reinforcing the Kingdom's position as a leading global investment hub.

In the Indian capital, New Delhi, the delegation held three economic events in collaboration with the Federation of Indian Chambers of Commerce and Industry, or FICCI, and the Confederation of Indian Industry, known as CII, with participation from numerous companies, authorities, and public and private entities from both countries.

The events included the Saudi-Indian roundtable for the automotive sector, aimed at strengthening investment and industrial partnerships between the two countries in the industry. 

The discussions explored opportunities in manufacturing, supply chains, electric vehicles, and advanced technologies, supporting joint efforts to build a fully integrated and sustainable automotive industry.

Similarly, a Saudi-Indian roundtable for startups reviewed the Kingdom's Vision 2030 initiatives to position the Kingdom as a global hub for innovation and entrepreneurship, highlighting opportunities for collaboration in technology, innovation, and entrepreneurial investment.

On the sidelines of the meetings, the two parties signed a memorandum of understanding to manufacture production lines for sugar and feed agricultural products using advanced technologies.

Moreover, the Saudi-Indian Investment Forum discussed investment opportunities in strategic sectors such as food security, healthcare, infrastructure, and technology.

Additionally, a workshop featured high-level participation from officials and business leaders from both countries, aiming to strengthen investment partnerships and expand economic cooperation. 

Discussions covered the investment environment in 海角直播, regional headquarters programs, special economic zones, and opportunities for industrial and technological collaboration.

The workshop included parallel sectoral sessions in construction and real estate, healthcare, petrochemicals, and energy, with a focus on fostering sustainable investment partnerships between 海角直播 and India.