Saudi Arabia Consumer Finance Market Analysis, Share, Trends, Demand, Size, Opportunity & Forecast
Coupled with the increasing participation of women and expatriates, the rising population, increasing standard of living, and surging demand for luxurious products drive Saudi Arabia consumer finance market through 2022. According to a TechSci Research report, “ Saudi Arabia Consumer Finance Market By Type, Competition Forecast & Opportunities, 2012-2022” , Saudi Arabia consumer finance market is projected to grow to $344 billion by 2022. The Important Elements of the Saudi Arabia Consumer Finance Market The growth of the consumer finance market in Saudi Arabia is propelled by factors such as increasing women's participation in the workforce (according to the Ministry of Civil Services, the number of Saudi female employees in the government sector shot up from around 450 thousand in 2014 to 469 thousand in 2015), rising number of expatriates in the country, surging demand for housing and low-interest rate scenario compliant with Islamic banking....