Ecosystem Highlights•
Lenskart: Gaining First-Mover Advantage in the Saudi Eyewear Market
Saudi Arabia offers the largest consumer market in the Gulf region, with a population exceeding 32 million. A rapidly expanding economy, paired with population growth and a subsequent rise in consumer demand, lays a sturdy foundation for the growth of the retail and e-commerce markets. The retail sector, in particular, is a significant economic construct, forecast to be worth SAR159 billion ($42 billion) in 2024, with its share of non-oil GDP at 22.8% in the third quarter of 2022. Vision […]
