Arabian Centres launches mall leasing opportunities for homegrown boutiques

Arabian Centres, claimed as the largest developer, owner and operator of shopping malls in Saudi Arabia, announced an initiative that enables homegrown boutique brands to set-up operations in its portfolio of 18 shopping centers across the Kingdom.
The program, which starts soon, is aimed at supporting young entrepreneurs and new retail brands based in Saudi Arabia.
The initiative will commence in August and attract new retail and food concepts and young entrepreneurs, who will gain exposure to a wider target audience, and test their products and services while supporting the launch of new brands and concepts in the Kingdom’s retail market.
To eliminate the entry barriers, Arabian Centres will support boutique merchants in the process of the design and manufacturing of their own mall kiosk where needed or provide retail equipment in the form of retail carts for the launch of the brand.
The initiative is aligned with Arabian Centres’ strategy of transforming the modern retail sector in the Kingdom while encouraging high impact retail entrepreneurs to contribute toward innovation in modern retail. By catering to the emerging needs of consumers, Arabian Centres has ambitious plans to further support and develop home grown Saudi brands.
Khalid Al-Jasser, CEO, Arabian Centres, said: “Arabian Centres’ properties have evolved to become destinations of choice not only for consumers but also for retailers. We take great pride in launching this initiative, which is well suited to enable innovative Saudi brands and young entrepreneurs flourish in the marketplace. We are confident that small retailers will take advantage of this unique opportunity at a time when the Kingdom’s retail sector is on the cusp of transformation.”
The launch of this leasing program coincides with strong growth opportunities for the Saudi retail sector, underpinned by urban and youth population, increasing employment and high disposable income combined with the focus on economic diversification.