Al Qasimi: The retail sector in Saudi Arabia is witnessing significant growth and we seek to expand outside Jeddah

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Riyadh - Mubasher: Ibrahim Al Qasimi, CEO of Red Sea Markets Company Limited, revealed in an interview with Mubasher TV, on the sidelines of the Global Retail Leaders Forum 2025, the company’s projects and expansion plans in the retail sector in the Kingdom.

Al-Qasimi explained, on Tuesday, that the Red Sea Markets Limited Company owns several subsidiaries, including “Rosem”, which specializes in managing commercial facilities, in addition to “Red Sea Markets Asir”, which supervises a prominent investment project in the Emirate of Asir in the city of Abha.

Al Qasimi pointed out that one of the company's most prominent current projects is "The Point" project, which began work last November and is scheduled to continue developing over a period of three years. The project is an integrated commercial center extending over an area of 45,000 square meters, and includes open and closed areas, in addition to two hotels with 276 rooms. He stressed that the project will represent a qualitative addition to the city of Abha in terms of tourism and trade.

Al Qasimi added that the company is not only focusing on its current projects, but is also seeking to expand into other cities outside Jeddah.

He pointed out that Red Sea Mall, which is one of the largest malls in Jeddah since its opening in 2008, is one of the most successful shopping centers in the Kingdom, and plans are currently underway to expand it, both in terms of rented spaces and developing its facilities.

He stressed that the retail sector in Saudi Arabia is witnessing significant growth, which is prompting the company to study expansion opportunities in other cities in the Kingdom, in line with this remarkable development in the market.

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