During a recent roadshow in London, the Saudi Fashion Commission unveiled a Report on the state of fashion in Saudi Arabia, rich with insights and data on the growing Saudi fashion industry.
The Saudi Fashion Commission, one of 11 sector-specific commissions under the Ministry of Culture, recently released the report ‘The State of Fashion Sector in Saudi Arabia 2024’.
The Annual issue of the report was launched in London at the London Investment Roadshow, coinciding with the conclusion of London Fashion Week. The event included discussions from the Cultural Development Fund, the Ministry of Investment, the Fashion Commission, as well as international and local investment firms, providing valuable insights, highlight the incentives for the fashion sector, and the challenges facing investors.
The 2024 edition of the report was revealed to media and guests through a creative showcase at the Saudi Fashion Commission’s Investment Roadshow in London -powered by Fashion Futures, that took place at the Twenty-Two Mayfair.
Attendees witnessed the latest industry data from
The State of Fashion Sector in Saudi Arabia 2024 identifies fascinating new insights into the dynamic Saudi fashion landscape, revealing intriguing trends and opportunities for growth and investment. The report also presents readers with industry data on the state of fashion in Saudi spanning across clothing, luxury, jewellery, beauty, and business, while monitoring the fashion landscape and offering key insights from industry experts.
Key Insights from The State of Fashion Sector in Saudi Arabia 2024 include: The role of fashion in shaping vision 2030; The fashion industry’s contribution to GDP reached 2.5 per cent, compared to 1.4 per cent last year; 320,000 fashion industry job in 2023; 52 per cent share of women in the Saudi fashion workforce in 2023.
The value of the Saudi fashion market in 2023 is $30 billion, and it is projected to reach $42 billion by 2028.
Burak Cakmak, CEO, Fashion Commission declared, “Today, we’re excited to launch our second annual report The State of Fashion Sector in Saudi Arabia 2024. Data is essential to understanding and discussing the country’s growth, and as the Fashion Commission, we’re proud to lead in this area. This year, we’ll also introduce a data hub that will publish the SOFR (State of Fashion Report) and be publicly accessible, showcasing opportunities across the value chain.”
The Fashion Commission is dedicated to fostering a vibrant and sustainable fashion ecosystem in Saudi Arabia. Through the publication of the annual report, it provides the latest insights that help in shaping the future of the regional fashion industry through a data-driven approach. Through the platform Fashion Futures, the Saudi Fashion Commission aims to revolutionise Saudi’s fashion industry by offering the leading fashion intelligence platform while highlighting the value chain of the local fashion industry.
