Over the last few months Shopworks has been carrying out an in-depth study of Saudi Arabia’s Fuel and Convenience market including industry interviews, site visits and international benchmarking resulting in this exclusive report.
The report examines the considerable and exciting opportunities in Saudi Arabia, and details through mobility, demographics, spending data as well as outlet locations how the fuel business, carwash convenience and food convenience categories are likely to develop in the future.
Why Saudi Arabia?
With a population of 36.3 million and 17.2% of the World’s proven oil reserves, Saudi Arabia is not only the Middle East’s largest economies, it is also one of the world’s fastest growing economies.
And unlike European markets, roadside retail site numbers are set to grow. In fact, it is anticipated that the total number of fuel stations in Saudi Arabia could grow from 10,000 to at least 18,000 sites to satisfy the market.
Learn more
Understanding where the opportunities are for new stations in the Saudi Arabian market is an enticing prospect. That’s why Shopworks has created a whole space index which looks at the 13 provinces of the Kingdom of Saudi Arabia and identifies the front runners.
This is a unique and proprietary Shopworks analysis which highlights areas of the country most likely to have fuel station investment opportunities. In order to calculate this, many factors are taken into consideration, including the number of petrol forecourts currently within each province, customer mobility, population size, land mass, registered vehicles and customer spend.
Get in touch
A recent episode pf Shop Talk LIVE, in collaboration with Dan Munford at Global Convenience Store Focus and Amgad Elhanbaly at OLA Energy featured highlights of what the reports covers and some conclusions and you can watch it here.
To find out more about purchasing the full report and reserving a 1-1 workshop session on the Saudi Arabian market please email nikolay@shopworks.co.uk.