Wednesday, 17 October 2012

MIDEAST MONEY-Saudi consumer boom may outlast state spending - Yahoo! News Maktoob

Saeed al-Mutairi, a bespectacled 27-year-old Saudi Arabian technical college graduate with a diploma in IT support, can finally afford to marry after two years looking for a job.
"Now I'm saving enough to get married and my fiancee is very happy," said Mutairi, who started work two months ago as a cashier at the newest outlet in Riyadh of Jarir Bookstores, which is part of Jarir Marketing Co, Saudi Arabia's largest listed retailer.
A personal consumption boom in Saudi Arabia is lifting retailers such as Jarir, which sells electronics, books, art
materials and office supplies.

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