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SEDCO Newsletter Quarter 4, 2015
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  Events  
 
  photo   RED SEA MALL SPONSORS FIRST “NEXTGEN” EVENT IN JEDDAH

Praising Red Sea Mall for sponsoring ‘NextGen 2015’, David Macadam, CEO of MECSC – Middle East Council for Shopping Centres, enthused that “NextGen is one of the industry’s most important events; providing a platform that joins ideas and visions with the elite in the retail industry present to craft and discover ways to boost retail sector growth.” This, he said is a key issue considering that the retail sector is a major contributor to creating jobs and bolstering economic growth.

Mr. Mohammed Alawi, CEO of Red Sea Markets, said that the Kingdom’s retail market is worth more than SAR170 billion according to recent studies, making up 50% of total retail trade and amounting to SAR270 billion across the GCC retail market.