Group 1 - The Saudi retail real estate sector is experiencing unprecedented growth opportunities due to significant infrastructure investments, ongoing large-scale projects, and the accelerated entry of international companies [1][4] - Urbanization in Saudi Arabia is driving a surge in demand for modern retail formats, with integrated complexes and high-end shopping centers becoming new urban landmarks [4] - The Saudi real estate market is projected to reach $1,016 billion by 2029, with an average annual growth rate of 8% from 2024 to 2029, supported by the Vision 2030 transformation strategy [4] Group 2 - Despite the growth, the Saudi retail real estate market faces severe challenges, including a looming oversupply, with retail space in Riyadh expected to increase by 50% and Jeddah by 75% by 2027 [6] - Changing consumer habits are shifting towards online shopping, diminishing the appeal of traditional department stores and large retailers, which may lead to downward pressure on rents [6] - The long-term potential of Saudi retail real estate remains strong, contingent on precise market positioning and careful planning, with comparisons drawn to the stable retail demand in the UAE [9]