Valued at about $30 billion in 2023, the Saudi fashion market is expected to reach $42 billion by 2028, as per the annual report published by Saudi Fashion Commission.
Tilted, ‘The State of Fashion Sector in Saudi Arabia 2024,’ the report states, from 1.4 per cent in 2022, the fashion industry's contribution to Saudi Arabia’s GDP increased to 2.5 per cent in 2023 with contribution to jobs increasing by 320,000 jobs and the share of women in the fashion workforce was 52 per cent in the same year.
Burak Cakmak, CEO, Saudi Fashion Commission, affirms, the Commission aims to provide a data center to make the report available to the public, and highlight showcase opportunities across the value chain.
The report is a part of the Saudi Fashion Commission’s commitment to promote a vibrant and sustainable fashion ecosystem in Saudi Arabia. Through this report, the Commission aims to provide latest insights that help shape the regional fashion industry besides highlighting the value chain of the local fashion industry.
