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MEED Report: Top GCC Retail Projects

Top GCC Retail Projects

About 25 retail contracts worth over $1.9 billion were awarded across the GCC in 2025, a marginal 2% increase compared to 2024. Overall, Saudi Arabia accounted for 52% of the total, followed by the UAE at 43%. Meanwhile, the largest awards were Masar Mall in Makkah and Aljada Madar Mall in Sharjah, worth over $1.3bn combined.

Country-wise Value of Retail Contract Awards ($m) 2016-2025

The total value of retail contracts awarded in the GCC in 2025 was dominated by Saudi Arabia and the UAE, which together accounted for around 95% of the total. Since 2016, Saudi Arabia and the UAE have accounted for 82% of total retail contract awards, contributing 41% each.

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