Saudi Textile & Leather Industry
The textile and leather industry in Saudi Arabia is expected to gradually grow as the consumer spending environment gradually strengths over 2017-2022. Population growth, rising female employment, and the government’s new cash-transfer programme are anticipated to provide support. Moreover, Saudi Arabian young adults and middle youth are projected to experience the largest increase in their disposable income, which is set to positively impact demand for clothing. As the financial burden from the continually rising cost of living eases, total disposable income is forecast to increase by a CAGR of 2.6% in real terms over the forecast period.