JLL: Riyadh is ranked equal 12th in terms of its Cross-Border Retailer Attractiveness Index
In its Destination Retail report, JLL noted that Riyadh has a Cross-Border Retailer Attractiveness Index of 170 and is ranked equal 12th overall. The report is based on a survey of 240 leading retail brands across 140 cities globally. The cities account for 36% of global GDP, 13% of the world’s population and one third of the world’s consumer spending. The index shows, for each case, the presence of retailers, relative to the average of 100. Riyadh is classified as a Growth Retail City. Growth of spending in 2015-19 is expected to be over 7% annually. Average prime retail rents are a little below USD2,000 per square metre per annum.
Source : JLL/Apr 2016/Riyadh/RET