80% surge in demand for varsity provides in Saudi Arabia

by ADeeL

Saudi Gazette report

RIYADH — The Federation of Saudi Chambers (FSC) revealed that the quantity of demand for varsity provides has witnessed a rise of greater than 80% in 2023 in comparison with the earlier 12 months.

The FSC report coincided with the graduation of the brand new educational 12 months, and the return of 6 million female and male college students of presidency, personal and overseas colleges in Saudi Arabia.

The federation identified that the stores and stationery shops throughout Saudi Arabia have witnessed energetic motion by college students and their households to purchase faculty luggage, notebooks, stationery instruments, and faculty uniforms.

This has contributed considerably to rising the gross sales and profitability of the varsity provides sector.

The FSC mentioned the back-to-school season is taken into account some of the essential business seasons in Saudi Arabia, which contribute to boosting financial exercise typically, and the varsity provides sector specifically.

The shops have began to organize early to safe faculty wants with numerous choices and costs in a manner that fits the monetary capabilities of households of all segments. It has additionally introduced big affords and gross sales, which drove the demand quantity and gross sales to excessive ranges.

The FSC confirmed that the expansion of the exercise and the market of the varsity provides sector displays the growth and growth witnessed by the private and non-private schooling sector, consistent with the Kingdom’s Imaginative and prescient 2030.

It additionally displays the curiosity that Saudi Arabia attaches to this essential sector, the FSC mentioned, including that it additionally exhibits the buying energy of Saudi customers and the attractiveness of the Kingdom’s funding setting typically.

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