$16B growth market

Sally

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Mar 22, 2012
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Saudi Arabia’s many affluent and beauty-conscious women are spending on average SR14,256 ($3,800) a year on cosmetics, a report said, forecasting that the kingdom’s $16 billion market is set for an 11 per cent growth rate.

Saudi Arabia’s many affluent and beauty-conscious women are spending on average SR14,256 ($3,800) a year on cosmetics, a report said.

The Saudi cosmetics market is the largest in the Middle East, estimated at over SR60 billion ($16 billion) annually, with a forecast of 11 percent annual growth rate, added the report released recently by Euromonitor, a global market research firm.

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Saudi women splurge 3800 yearly on makeup in 16B growth market Al Bawaba?
 

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