saudi arabia leads middle east retail boom

saudi arabia leads middle east retail boom
Leading Middle East Software Company Helping Middle East
Businesses and Retailers Prosper from US$20 billion
Retail Sector with its ERP Solution

Saudi Arabia, its annual summer shopping frenzy in full swing with an incredible 55 million shoppers spending more than US$4 billion in the 12 week summer period, is the highlight of a regional retail boom filling checkouts and bringing smiles to retailers’ faces across the Middle East.
With new, ever larger retail developments in Riyadh, Dubai, Jeddah and elsewhere opening on a regular basis, the Middle East is the fastest growing global retail market, a fact confirmed by new research undertaken by leading Middle East retail software supplier LOGO Business Solutions.
“The Middle East is in the midst of a retail boom. Consumer love foreign brands. Add to this expanding populations and new shopping malls and the region’s retail sector is now worth an incredible US$20 billion per annum,” commented Ali Guven, CEO of LOGO.
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The sound of ringing checkouts is welcome news for LOGO, the leader in the US$400 million Pan Arab retail Enterprise Resource Planning (ERP) software market: “The Middle East retail sector is experiencing phenomenal growth on the back of record GDP figures and oil approaching US$80 a barrel. This is encouraging more businesses to set up, existing companies to expand and attracting a number of new multinational retail and commercial businesses to the region,” confirms Guven.
“With more competitors, some of them global brands, SME’s need software systems that help them compete. Global trading, with suppliers across the world using multiple currencies and languages, means companies are demanding modern software to cope with current business practices,” added Rami Ghanem of Riyadh-based International Resources for Computers and Communications (IRCC).
As the Middle East’s leading ERP reseller, LOGO has noted the recent trend towards retailers demanding adaptable business software solutions. “Since LOGO opened its new Dubai-based international headquarters opened in May, sales figures for LOGO UNITY, our specialist retail solution, has shown impressive growth,” said Loey Osman, LOGO’s International Managing Director.
As global brands such as Harvey Nichols, Zara, Boots and Gap become familiar names to Middle Eastern shoppers, Osman sees the region’s retail businesses adapting to meet the challenge of increased competition and higher customer expectations.
“With more businesses in the marketplace, existing businesses find profits threatened and need a competitive advantage. Businesses both large and small, in retail and other sectors, are fast realizing ERP software can give them that advantage. As a company, LOGO is delighted to contribute to GCC economic success. With 150,000 customers in 30 countries, we have great experience in helping local businesses identify the software solutions they need in today’s fast-paced business markets,” Osman added.
LOGO predicts long term Middle Eastern economic prosperity, so much so they have decided now is the ideal time to expand regional operations. A respected and successful ERP software name in Europe and the Gulf, LOGO is responding to economic growth and the resulting increased demand for business software.
“By increasing our presence in the Middle East, with more suppliers, installers and technical support staff, backed by our international headquarters in Dubai’s Internet City, LOGO is working with businesses to ensure they contribute to, and benefit from, the countries economic success."