Riyadh – Mubasher: Saudi Arabia’s retail sector will see exponential growth over the next year, encouraged by increasing urbanisation trend, favourable demographics and westernised consumption patterns, KPMG Al Fozan & Partners, a leading audit, tax and advisory services provider in Saudi Arabia, said in a recent real estate report.

The oil-rich kingdom is currently seeking to develop the entertainment and tourism sectors, the report added.

This will help the GCC country to transform two of its major cities - Riyadh and Jeddah - into world-class retail destinations, KPMG noted.