Back to all insights news

Decoding the Saudi consumer: Ghassan Harfouche talks brand strategy

Here are insights into changing consumer behaviours, influence of digital platforms and key shifts shaping the kingdom’s brand landscape

Neesha Salian
Neesha Salian

15 April, 2025

Decoding the Saudi consumer: Ghassan Harfouche talks brand strategy
Image: Supplied

TT

16

As Saudi Arabia undergoes rapid transformation under Vision 2030, the evolving relationship between consumers and brands is coming into sharper focus. In this interview, Ghassan Harfouche, group CEO of MCN MENAT and president of McCann Worldgroup APAC, discusses key findings from the firm’s latest research, The Truth about Saudi Arabia and Brands of Tomorrow.

Harfouche offers insights into changing consumer behaviours, the growing influence of digital platforms, and the cultural and economic shifts shaping the kingdom’s brand landscape.

The Truth about Saudi Arabia and Brands of Tomorrow identifies a significant shift in consumer trust. Could you elaborate on the methodology used to uncover these insights, and what surprised you most about the findings?

Partnering with The Economist and commissioning global proprietary research with McCann Truth Central, we brought ‘Truth Well Told’ insights to our clients on Saudi Arabia’s evolving landscape — bridging macroeconomic trends with on-the-ground consumer realities. The session not only unveiled key cultural, social, and economic shifts shaping Saudi Arabia, but also actionable insights to help build enduring brands. Some key transformative insights included:

Outside in: The perception gap between international views of Saudi Arabia and what Saudis think about their own country is a disparity stemming from western media portrayal, over generalisation, and a lack of nuanced understanding of the region; brands should own the role of closing this divide with authentic storytelling.

Global dreamweaver: In a world that comparably feels lack lustre about the future, Saudi Arabia has a role to play as weaver of dreams, with a strong 2030 vision and higher levels (69 per cent) of optimism and confidence in their own country’s vision, versus 25 per cent in the UK and 51 per cent in Japan. This forward-looking mindset creates opportunity for aspirational brand positioning that resonates globally.

Ready to travel? Saudi Arabia is increasingly seen as a major destination of promise, but the role that Saudi brands have to play in people’s lives across the world is a new frontier.

These actions don’t just look at how brands can merely participate in Saudi Arabia’s transformation but how they will help shape its trajectory as the kingdom reimagines its global role and relationship with consumers worldwide, earning their rightful power in culture, prominence in category and popularity in community.

Beyond the data, what were some of the key qualitative insights that emerged from the research that you feel are crucial for businesses to understand about the Saudi consumer?

There is an evident feeling of pride and positivity from the Saudi consumer. Against a global backdrop of economic challenge and shifting political tensions, the optimism, readiness, and clear vision define how the Saudi consumer is ready to embrace the future, implement clear pathways for economic success and grow the country’s burgeoning reputation as an international tourism destination. In addition, one of the most prominent and recurring themes was the blend of heritage with modernity: Saudi traditions meshing together with transformative technologies to create a new wave of culture open to the international community.

Brands that will truly flourish are those that authentically respect and navigate this delicate balance between honouring rich cultural legacy and embracing bold transformation.

Failure to grasp this insight, and they’ll miss the very essence of what makes the Saudi consumer journey so uniquely powerful in today’s global marketplace.

Vision 2030 is transforming the Saudi market. From your perspective, what are the most significant opportunities and challenges this initiative presents for businesses operating in the kingdom?

Without doubt, the sense of pride, momentum and ambition driving Saudi Arabia’s transformation is palpable: this is a real-time revolution with economic, social, cultural, and digital transformation, underpinned by significant investments cross-sector.

Increased connectivity through air travel, giga projects and a rising focus on eco-luxury resorts make the kingdom a premier destination, presenting vast opportunities for brands looking to engage both local and international audiences.

The one constant with consumers is that they are evolving at an extraordinary pace. Successful brands must adapt their strategies for an increasingly sophisticated local audience and through the lens of a global consumer whose exposure to Saudi Arabia is growing daily. The winning formula combines data-driven digital approaches with bold creative ideas that deliver genuine engagement.

As emerging sectors become major economic drivers, brands have compelling opportunities to pioneer in new spaces. This landscape rewards those bringing fresh creativity and product innovation while extending their reach to international audiences previously untapped in the Saudi context.

Saudi consumers are increasingly conscious and proud to support homegrown brands with 54 per cent actively choosing locally made products as an expression of national pride. The opportunity lies in a mix of international and local brands that are authentically embedded within Saudi culture and values and contribute meaningfully to Vision 2030’s goals.

The influence of digital media on consumer behaviour is a key finding in your study. How are Saudi consumers engaging with digital platforms, and what strategies should brands employ to effectively reach and connect with them in this digital age?

Saudi Arabia has a young, digitally savvy population, with 63 per cent under 30, making it a highly mature digital market. Social media adoption is strong, with TikTok having the highest global reach at 138 per cent, and Snapchat widely used for social connections. Social networks surpass TV as a news source for Gen Z and Millennials, and 81 per cent of consumers prefer social media for product discovery, driving social commerce growth.

E-commerce thrives due to convenience, advanced digital payments, and fast logistics, with Q-commerce giants including Noon and Amazon dominating, and rapid delivery expectations.

For brands to succeed in this environment, digital strategy must go beyond surface-level engagement; combining data-driven creativity with genuine understanding of these increasingly sophisticated consumers — recognising their distinctive blend of cultural pride, ambition, and forward momentum — to develop connections that are both authentic and enduring. This deeper insight is what ultimately separates market leaders from competitors in this dynamic digital landscape.

Your research indicates an evolution in brand loyalty within Saudi Arabia. How do you see the role of brand purpose and values in building lasting relationships with Saudi consumers?

Saudi consumers are looking for something much deeper from the brands they choose to support. It’s no longer enough to simply offer a quality product — there’s a real expectation that brands will genuinely understand and respect Saudi values and culture.

When brands demonstrate real integrity, operate with transparency, and make meaningful investments in community building, Saudi consumers perceive them as active partners in the Kingdom’s transformation, creating a powerful foundation for long-term consumer relationships that transcend traditional notions of brand loyalty.

Talent development was identified as a key challenge. What are the most effective strategies for companies to address these challenges and ensure sustainable growth in the Saudi market?

A business’s long-term success hinges on sustained investment in its talent. Especially in a market such as Saudi Arabia, when experiencing this level of explosive growth and economic diversification, a company’s human capital strategy needs to match this ambitious trajectory.

The most successful approach would combine global expertise with deep local understanding. Companies that are thriving in Saudi Arabia aren’t just parachuting in international talent; they’re creating genuine knowledge transfer and building diverse teams that truly understand Saudi culture, consumer behaviour, and market nuances.

The real danger is superficial localisation efforts. Creating genuine community connections requires investing in talent development programmes that foster deep cultural understanding and long-term commitment to the kingdom’s transformation journey.

What are the most critical trends that businesses should be aware of when navigating the Saudi market, and what advice would you give to companies seeking to capitalise on the kingdom’s progress?

The market space in Saudi Arabia is highly competitive and businesses must lead with curiosity, not assumptions, navigating smartly and strategically to authentically build brands that will endure.

Success will depend on understanding the unique dynamics of the kingdom — embracing innovation, respecting local values, and playing an active role in the country’s transformation. Those that get it right will not only unlock commercial success but also contribute to shaping a prosperous, forward-thinking Saudi Arabia where ambition truly has no limits.

Cybersecurity: Why ‘public-private-people’ partnerships hold the key

The UAE is shaping a resilient cyber ecosystem by prioritising proactive security measures, investing in cutting-edge technologies, and fostering collaboration

Hadi Anwar
Hadi Anwar

14 April, 2025

Cybersecurity: Why ‘public-private-people’ partnerships hold the key
Image: Getty Images

TT

16

The UAE’s rapid digital transformation has propelled it to the forefront of technological innovation and progress. Yet, this accelerated evolution has also exposed vulnerabilities that, if left unaddressed, could undermine the nation’s ambitions.

The newly released State of the UAE Cybersecurity Report 2025, a joint effort by the UAE Cyber Security Council and CPX, delivers a timely call to action, highlighting the urgent need for a paradigm shift in how governments, businesses, and societies approach cybersecurity—not just in the UAE, but worldwide.

As digital infrastructures globally expand and diversify, the need for robust cybersecurity measures has never been greater. While cyber threats continue to evolve in scale and sophistication, the UAE has made remarkable strides in fortifying its digital defenses. By prioritising proactive security measures, investing in cutting-edge technologies, and fostering collaboration across sectors, the country is shaping a resilient cyber ecosystem where innovation and national security go hand in hand.

Security is not just a technical problem; it is a societal one. While technology plays a crucial role, the human element is equally vital. Misconfigurations alone account for 32 per cent of reported cyber incidents, compounded by issues of improper usage and malicious intent. This reinforces a vital principle: cybersecurity is only as strong as those who interact with these systems. In today’s interconnected world, cybersecurity hinges not only on technological advancement but on cultivating digital literacy, awareness, and resilience across communities and sectors.

Tackling threats to cybersecurity

The rise of AI globally adds another layer of complexity. While AI offers immense potential, driving initiatives like the UAE’s National AI Strategy, it also provides new tools for cybercriminals. AI is being used to craft more convincing phishing attacks, spread misinformation, and automate malicious activities. This escalation demands an approach that is proactive, agile, and capable of adapting to both current and emerging threats, ensuring the safe deployment of advanced technologies.

The stakes are high. In a hyperconnected global economy, the financial and reputational damage caused by a major cyberattack can be severe. The Middle East is already reported to have the second-highest data breach costs of any region worldwide, and similar trends can be seen in other regions. Beyond the immediate financial losses, there is the erosion of trust, the disruption of critical services, and the potential for long-term reputational damage.

So, how can the future be secured? The answer lies in collective action and a fundamental shift in mindset. The report offers a comprehensive roadmap for national and international stakeholders alike:

  • Prioritise proactive security: It is imperative to move beyond reactive measures and embrace a proactive approach that emphasises early detection, continuous monitoring, and the anticipation of evolving threats. Strengthening defenses ahead of potential attacks and fostering a mindset of constant improvement are essential to building national resilience.
  • Cultivate a culture of cyber vigilance: Cybersecurity is everyone’s responsibility. A culture of awareness, where individuals and organisations are fully informed of risks and empowered to adopt preventative measures, is essential. Educating government employees, businesses, and the public about cybersecurity best practices will form a security-conscious culture that will serve as a crucial first line of defense.
  • Foster collaboration and information sharing: No single entity can tackle the challenge of cyber threats alone. Deeper collaboration between public and private sector stakeholders, as well as international partners, is required to share intelligence, coordinate responses, and foster best practices. Establishing secure platforms for information exchange and clear incident response protocols will help create a stronger, united front.
  • Invest in talent and innovation: A skilled and agile cybersecurity workforce is critical to protecting the digital future. Investment in specialised training, research and development, and programmes that attract and retain top cyber talent will contribute to the creation of a knowledge-based economy, reinforcing security capabilities.
  • Embrace AI governance: With AI playing a dual role as both a driver of progress and a potential risk, establishing robust AI governance frameworks is crucial. There is a need for ethical guidelines, regulatory mechanisms, and security standards to mitigate AI-related cyber threats.

A scalable model

The UAE’s approach — anchored in public-private-people partnerships (PPPP) — offers a scalable model for other nations facing similar challenges. As digital transformation accelerates globally, the principles outlined in this report can guide countries in strengthening their cyber resilience, safeguarding critical infrastructure, and securing long-term economic growth.

Cybersecurity is no longer a localised issue; it is a global mission. Nations that invest in collective action today will be better positioned to protect their digital futures tomorrow.

The writer is the CEO at CPX.

Standard Chartered, OKX roll out crypto collateral pilot in Dubai

It’s the first such initiative to bring together a major global bank, a regulated crypto platform and a traditional asset manager to support secure crypto trading for institutions

Gulf Business
Gulf Business

14 April, 2025

Standard Chartered, OKX roll out crypto collateral pilot in Dubai
Image credit: Getty Images

TT

16

Banking giant Standard Chartered and global crypto exchange OKX have launched a pilot programme in Dubai that could reshape how institutional investors trade digital assets.

The new collateral mirroring programme allows institutions to use cryptocurrencies and tokenised money market funds as collateral for trading, without moving those assets onto an exchange. This reduces counterparty risk, a major concern in the crypto world, and enhances capital efficiency for large investors.

It’s the first such initiative to bring together a major global bank, a regulated crypto platform and a traditional asset manager to support secure crypto trading for institutions.

The pilot is being rolled out under the regulatory oversight of Dubai’s Virtual Asset Regulatory Authority (VARA), making it one of the most prominent real-world implementations of regulated digital finance in the region.

Hong Fang, president of OKX, summed it up:“As the digital assets ecosystem becomes more ingrained within traditional finance, we strive to both drive growth and safeguard client assets in the most capital efficient manner. By leveraging Standard Chartered’s position as a top custodian globally, as well as OKX’s market leadership in cryptocurrency trading, the partnership sets an industry standard for current and potential institutional clients to deploy trading capital at scale in a trusted environment.”

Using crypto as collateral

Under the programme, Standard Chartered acts as the regulated custodian. The bank holds the collateral securely in the Dubai International Financial Centre (DIFC), while OKX facilitates trading activity through its VARA-regulated entity.

Speaking about the launch, Margaret Harwood-Jones, global head of financing and securities services at Standard Chartered, said: “We understand the critical importance of robust and secure custody solutions, especially in the evolving digital asset landscape, and our collaboration with OKX to enable the use of cryptocurrencies and tokenised money market funds as collateral represents a significant step forward in providing institutional clients with the confidence and efficiency they need.”

She added that the bank is “ensuring the highest standards of security and regulatory compliance, fostering greater trust in the digital asset ecosystem.”

Backed by Franklin Templeton, Brevan Howard Digital

One of the major components of the pilot is the inclusion of tokenised money market funds provided by Franklin Templeton, a traditional asset management giant with $1.58tn in assets under management.

Roger Bayston, head of digital assets at Franklin Templeton, said: “By ensuring assets are minted on-chain, we enable true ownership, allowing them to move and settle at blockchain speed – eliminating the need for traditional infrastructure.”

This effectively turns traditional, low-risk financial products such as money market funds into on-chain assets that can be integrated into digital finance workflows.

Also onboard is Brevan Howard Digital, the crypto arm of the global hedge fund. The firm is among the first institutional players to participate.

Ryan Taylor, group head of compliance at Brevan Howard and CAO of Brevan Howard Digital, said:

“This programme is the latest example of the continued innovation and institutionalisation of the industry. As a significant investor in the digital assets space, we are thrilled to partner with industry leaders to further grow and evolve the crypto ecosystem globally.”

Majid Al Futtaim to launch over 30 new stores in GCC

Majid Al Futtaim’s expansion in luxury retail builds on a record-setting 2024, which saw a 26 per cent increase in revenue

Gulf Business
Gulf Business

14 April, 2025

Majid Al Futtaim to launch over 30 new stores in GCC
Image credit: Supplied photo

TT

16

Majid Al Futtaim has announced an ambitious expansion of its luxury retail portfolio for 2025.

The regional pioneer in shopping malls, communities, retail, and leisure across the Middle East, Africa, and Central Asia reported a record-breaking 2024, with a 26 per cent growth in its lifestyle business.

Read-UAE’s Majid Al Futtaim posts 2024 results, reports Dhs33.9bn in revenue

This expansion will be anchored by renowned Italian brands—Eleventy, Corneliani, and Poltrona Frau—with a series of store openings planned across key locations in the UAE and Saudi Arabia.

Launch of new stores

As part of its strategic growth agenda, Majid Al Futtaim will open over 30 new stores across the region, spanning both luxury and high street brands. The expansion includes five standalone Eleventy stores, the regional debut of Corneliani, and the first Poltrona Frau store outside the UAE, to be launched in Saudi Arabia—showcasing Majid Al Futtaim’s commitment to strengthening its footprint in the luxury retail sector.

“In a region where customers have an abundance of choice, our ambition is to curate a portfolio of luxury brands that offer something truly distinctive. By introducing brands like Eleventy, Corneliani, and Poltrona Frau, we are bringing new dimensions to the luxury market—combining timeless craftsmanship with modern sensibilities that resonate with the refined tastes of our customers,” said Fahed Ghanim, CEO of Majid Al Futtaim Lifestyle.

Ghanim added, “At Majid Al Futtaim, our work with luxury brands has been deeply rooted in THAT Concept Store, which has been instrumental in identifying and nurturing brands with strong market potential. Eleventy’s journey—from its initial shop-in-shop to standalone stores—is a testament to our strategy of testing, scaling, and growing global luxury brands. This approach enables us to continuously evolve the retail experience and deliver distinctive offerings that resonate with our customers.”

Five standalone Eleventy stores set to open

The five standalone Eleventy stores are scheduled to open in 2025 at key locations including Solitaire Mall in Saudi Arabia, Mall of the Emirates, and Marsa Al Arab—all of which opened this month—with Dubai Mall and The Grove (UAE) to follow later this year. Known for its sustainable practices and premium materials, Eleventy reflects a growing consumer preference for quality and understated sophistication, under the ‘Made in Italy’ banner.

This expansion builds on Eleventy’s existing regional presence, which includes a shop-in-shop at THAT Concept Store, a pop-up at Mall of the Emirates, and its first standalone location at Marina Mall Abu Dhabi, opened with Majid Al Futtaim in November 2024.

Strengthening partnership with Poltrona Frau

Majid Al Futtaim is also strengthening its partnership with Poltrona Frau, the iconic Italian luxury furniture brand, by opening its first store outside the UAE at Centria Mall, Riyadh, in May. Poltrona Frau achieved remarkable growth in 2024, with revenue increasing fivefold following the launch of its second UAE store at Mall of the Emirates.

Corneliani makes regional debut in Saudi Arabia

Italian menswear brand Corneliani made its regional store debut in April at Solitaire Mall in Saudi Arabia. Founded in 1930, Corneliani is one of Italy’s oldest independent luxury brands, renowned for its meticulous craftsmanship and presence in over 70 countries. With the launch of its first standalone store in the Middle East, Majid Al Futtaim is bringing Corneliani’s timeless suits and sophisticated casualwear to a broader audience in the region.

“Eleventy’s philosophy of understated elegance and commitment to sustainability resonates strongly with the sophisticated Middle Eastern consumer. We are excited to strengthen our partnership with Majid Al Futtaim, whose visionary approach to luxury retail is shaping a new standard focused on customer needs,” said Marco Baldassari, Co-Founder and Menswear Creative Director at Eleventy.

“Since partnering with Majid Al Futtaim more than two years ago, we’ve focused on strategic growth and elevating the customer experience. The revitalisation of our flagship store in Jumeirah and our debut at Mall of the Emirates were key milestones. We’re now excited to bring this momentum to the Kingdom of Saudi Arabia with our first store in Riyadh—further strengthening our presence in the GCC,” added Nicola Coropulis, CEO of Poltrona Frau.

Continuing momentum in 2025

Majid Al Futtaim’s expansion in luxury retail builds on a record-setting 2024, which saw a 26 per cent increase in revenue and a 31 per cent surge in digital sales across its lifestyle portfolio.

StLast year also saw the opening of 17 new stores across the region, bringing the total to 87—featuring flagship locations for brands such as lululemon, Psycho Bunny, Shiseido, Crate & Barrel, and CB2, alongside 27 e-commerce platforms. Looking ahead, 2025 is poised to be another milestone year, with plans to open 30 new stores across the region—including seven in Saudi Arabia, a key market for the group.

Dubai’s Global Village announces last day of season 29

The entertainment destination still has several exciting events lined up before the season concludes

Nida Sohail
Nida Sohail

14 April, 2025

Dubai’s Global Village announces last day of season 29
Image credit: Global Village/Website

TT

16

Dubai’s Global Village has announced May 11, 2025, as the last day of its Season 29. The announcement was made on platform X.

View post on X

As the region’s premier multicultural family destination for entertainment, dining, shopping, and attractions, Global Village opened its 29th season on October 16, featuring remarkable additions and enhancements across the destination.

Read-Dubai’s food scene: Emirate ranks second globally as gastronomy capital

However, the entertainment destination still has several exciting events lined up before the season concludes:

1- Amit Trivedi Live – “Abir Gulaal” (April 19, 8 PM)
Visitors can experience an electrifying evening as Amit Trivedi unveils his latest musical masterpiece, Abir Gulaal, live at Global Village. This exclusive music release event will also feature Bollywood stars Fawad Khan and Vaani Kapoor.

2- Taylor Swift Tribute Show (April 23)
Taylor Swift fans are in for a treat with an electrifying tribute show featuring two spectacular performances under the stars.
Sing along to your favorite hits—from Love Story to Shake It Off and Anti-Hero—as a talented live act brings Taylor’s iconic music and energy to life.
Showtimes:
First Show: 7:40 PM
• Second Show: 9:45 PM

3-Freddie Mercury Tribute Show (April 16)
Experience the legendary music of Queen’s iconic frontman in a spectacular tribute performance that captures the essence of Freddie Mercury’s stage presence.
Showtimes:
7:05 PM
• 9:25 PM

4-Amr Diab Live in Concert (May 4, 8:30 PM)
Closing in on the season’s end, Global Village will host an unforgettable night with Arabic music legend Amr Diab.
Get ready to sing along to timeless hits like Nour El Ain, Tamally Ma’ak, and Ana Ayesh. This concert promises a night filled with nostalgia and energy, celebrating one of the Arab world’s most iconic artists.

Hajj 2025: 5 important rules you need to know

The Ministry announced that April 13, 2025 (Shawwal 15, 1446 AH), is the final date for Umrah visa holders to enter Saudi Arabia

Nida Sohail
Nida Sohail

14 April, 2025

Hajj 2025: 5 important rules you need to know
Image credit: Getty Images

TT

16

The Ministry of Interior in Saudi Arabia has announced several rules for the Hajj pilgrimage, aimed at preserving the safety of pilgrims and enabling them to perform the Hajj rituals with ease, security, and peace of mind.

Read-Hajj 2025: Last summer pilgrimage for the next 16 years

The five rules, as reported by the Saudi Press Agency, are as follows:

Rule 1: Entry into Saudi Arabia
The Ministry announced that April 13, 2025 (Shawwal 15, 1446 AH), is the final date for Umrah visa holders to enter Saudi Arabia.

Rule 2: Deadline for leaving Saudi Arabia
Umrah visa holders must depart Saudi Arabia by April 29, 2025 (Dhu al-Qi’dah 1, 1446 AH).

Rule 3: Permits required for residents
Starting April 23, 2025 (Shawwal 25, 1446 AH), residents of Saudi Arabia must obtain entry permits from the relevant authorities to enter Makkah.

Residents without the necessary permits will be denied entry and returned to their original location. Exemptions apply to those who:

  • Hold a work permit for the holy sites issued by the relevant authority
  • Have a resident ID issued by the city of Makkah
  • Possess a valid Hajj permit

Entry permits for those working in Makkah during the Hajj season can be obtained electronically via the “Absher Individuals” and “Muqeem” portals.

Rule 4: Suspension of Umrah permits
Umrah permits issued through the ‘Nusuk’ platform will be suspended from April 29 to June 10, 2025. This applies to citizens of Saudi Arabia, residents, GCC nationals, and holders of other visa types.

Rule 5: Hajj visas for entry into Makkah
Starting April 29, only individuals holding Hajj visas will be allowed to enter or remain in Makkah.

The Ministry of Interior has urged full compliance with these Hajj season regulations and called for cooperation with relevant authorities to ensure the safety and security of all pilgrims. Violations of these rules will result in legal penalties.

More news in insights