{"id":8867,"date":"2023-03-14T12:27:43","date_gmt":"2023-03-14T12:27:43","guid":{"rendered":"https:\/\/wordpress.technoarray.com\/retailleaderscircle\/?p=8867"},"modified":"2023-07-11T07:09:29","modified_gmt":"2023-07-11T07:09:29","slug":"the-rlc-mena-summit-returned-to-riyadh-bigger-than-ever-before","status":"publish","type":"post","link":"https:\/\/wordpress.technoarray.com\/retailleaderscircle\/the-rlc-mena-summit-returned-to-riyadh-bigger-than-ever-before\/","title":{"rendered":"The RLC MENA Summit returned to Riyadh bigger than ever before"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"8867\" class=\"elementor elementor-8867\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-cff89ed elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"cff89ed\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c70c899\" data-id=\"c70c899\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e59b073 elementor-widget elementor-widget-image\" data-id=\"e59b073\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"538\" src=\"https:\/\/wordpress.technoarray.com\/retailleaderscircle\/wp-content\/uploads\/2023\/03\/insights-article_big_64-1024x538.png\" class=\"attachment-large size-large wp-image-8868\" alt=\"\" srcset=\"https:\/\/wordpress.technoarray.com\/retailleaderscircle\/wp-content\/uploads\/2023\/03\/insights-article_big_64-1024x538.png 1024w, https:\/\/wordpress.technoarray.com\/retailleaderscircle\/wp-content\/uploads\/2023\/03\/insights-article_big_64-300x158.png 300w, https:\/\/wordpress.technoarray.com\/retailleaderscircle\/wp-content\/uploads\/2023\/03\/insights-article_big_64-768x403.png 768w, https:\/\/wordpress.technoarray.com\/retailleaderscircle\/wp-content\/uploads\/2023\/03\/insights-article_big_64.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-34ab8ca elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"34ab8ca\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-cf56beb\" data-id=\"cf56beb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-66db0cc elementor-widget elementor-widget-text-editor\" data-id=\"66db0cc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">On March 7<\/span><span data-contrast=\"auto\">th<\/span><span data-contrast=\"auto\"> and 8<\/span><span data-contrast=\"auto\">th<\/span><span data-contrast=\"auto\"> 2023, the Retail Leaders Circle hosted its 9<\/span><span data-contrast=\"auto\">th<\/span><span data-contrast=\"auto\">\u202fMENA Summit.&nbsp;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/p>\n<p><span data-contrast=\"auto\">Under the theme\u202f<\/span><b><span data-contrast=\"auto\">\u201cDigital Economy and Purposeful Growth\u201d<\/span><\/b><span data-contrast=\"auto\"> the Summit\u2019s 9<\/span><span data-contrast=\"auto\">th<\/span><span data-contrast=\"auto\">\u202fedition returned to Riyadh for a third time, more powerful than ever bringing together influential C-suite leaders, industry pioneers, innovators, investors and senior policy-makers to take stock of an industry in the midst of rapid reinvention and debate on what the future holds for retail and commerce.&nbsp;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/p>\n<p aria-level=\"4\"><span data-contrast=\"auto\">H.E. Eng. Ammar <\/span><span data-contrast=\"auto\">Nagadi<\/span><span data-contrast=\"auto\">, the Vice Minister of Economy and Planning, delivered the opening keynote speech on the first day and <\/span><span data-contrast=\"auto\">talked about the <\/span><span data-contrast=\"auto\">t<\/span><span data-contrast=\"auto\">he<\/span> <span data-contrast=\"auto\">r<\/span><span data-contrast=\"auto\">ole <\/span><span data-contrast=\"auto\">o<\/span><span data-contrast=\"auto\">f <\/span><span data-contrast=\"auto\">G<\/span><span data-contrast=\"auto\">overnment <\/span><span data-contrast=\"auto\">i<\/span><span data-contrast=\"auto\">n <\/span><span data-contrast=\"auto\">e<\/span><span data-contrast=\"auto\">nabling <\/span><span data-contrast=\"auto\">a<\/span> <span data-contrast=\"auto\">f<\/span><span data-contrast=\"auto\">uture-<\/span><span data-contrast=\"auto\">p<\/span><span data-contrast=\"auto\">roof <\/span><span data-contrast=\"auto\">r<\/span><span data-contrast=\"auto\">etail <\/span><span data-contrast=\"auto\">e<\/span><span data-contrast=\"auto\">cosystem.<\/span><span style=\"font-size: 14px; color: var( --e-global-color-text );\">&nbsp;<\/span><\/p><p aria-level=\"4\"><span data-contrast=\"auto\" style=\"font-size: 15px; color: var( --e-global-color-text );\">Amongst the summit\u2019s speakers were business leaders from top organizations including Visa, Saudi 100 brands, eXtra, channels by stc, Chalhoub Group, TikTok, Snap, Alsulaiman Group and Zid.&nbsp;&nbsp;<\/span><\/p><p aria-level=\"4\"><span data-contrast=\"auto\" style=\"font-size: 15px; color: var( --e-global-color-text );\">Cenomi and&nbsp;<\/span><span data-contrast=\"auto\" style=\"font-size: 15px; color: var( --e-global-color-text );\">Saudi&nbsp;<\/span><span data-contrast=\"auto\" style=\"font-size: 15px; color: var( --e-global-color-text );\">Payments\u202fjoined\u202fas\u202fthe\u202fstrategic\u202fpartners\u202ffor\u202fthe\u202fevent.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\" style=\"font-size: 15px; color: var( --e-global-color-text );\">&nbsp;<\/span><\/p>\n<p><span data-contrast=\"auto\">Retail Leaders Circle in collaboration with <\/span><span data-contrast=\"none\">Snap and PwC revealed a new Whitepaper with the title \u2018The shift towards immersive shopping: New opportunities for retailers in KSA.\u2019 The Whitepaper aims to highlighting the importance of immersive shopping in the modern-day Saudi consumer who is characterized by a complex, constantly evolving behavior.&nbsp;<\/span><span data-contrast=\"auto\">&nbsp;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">You can view the highlights video from Day 1 <span style=\"text-decoration: underline;\"><a href=\"https:\/\/youtu.be\/yfPszwuIUDI\">here<\/a><\/span> and from Day 2 <span style=\"text-decoration: underline;\"><a href=\"https:\/\/youtu.be\/27iZwhV22B4\">here<\/a><\/span>.&nbsp;<\/span><\/p>\n<p><span data-contrast=\"auto\">In the Press Release below, you can discover more about the 9<\/span><span data-contrast=\"auto\">th<\/span><span data-contrast=\"auto\">\u202fedition of the most powerful retail gathering in the region.&nbsp;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/p>\n<p><b><span data-contrast=\"auto\">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Press Release<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:2,&quot;335551620&quot;:2,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/p>\n<p><b><span data-contrast=\"auto\">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Collaboration, Integration dominate debate at Retail Leaders Circle MENA Summit<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:2,&quot;335551620&quot;:2,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"5\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><i><span data-contrast=\"auto\">H.E. Eng. Ammar Nagadi, Vice Minister of Economy &amp; Planning, delivers opening comments<\/span><\/i><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"5\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><i><span data-contrast=\"auto\">Regional and global industry leaders convened in Riyadh to discuss <\/span><\/i><b><i><span data-contrast=\"auto\">\u2018Digital Economy and Purposeful Growth.\u2019<\/span><\/i><\/b><i><span data-contrast=\"auto\">&nbsp;<\/span><\/i><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/li>\n<\/ul>\n<p><b><span data-contrast=\"auto\">8 March 2023 \u2013 Riyadh, KSA<\/span><\/b><span data-contrast=\"auto\"> \u2013 The Ninth Retail Leaders Circle MENA Summit has concluded two days of open debate around how the sector can best meet the evolving needs of the region\u2019s consumers and develop for the future.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/p>\n<p><span data-contrast=\"auto\">Saudi Payments and Cenomi Group were strategic partners for the event. TikTok, Chahoub Group and Channels by stc were platinum partners.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/p>\n<p><span data-contrast=\"auto\">The tone for the event was set by opening keynote speaker, H.E. Eng. Ammar Nagadi Vice Minister of Economy &amp; Planning who laid out the Ministry\u2019s strategic priorities for the sector.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/p>\n<p><span data-contrast=\"auto\">Laying out the Ministry\u2019s plan for growth, modernization and optimization, the Vice Minister said, \u201cOur aim is to lead in the sector. To help shape the future of retail by harnessing the enormous potential of merging technologies and the retail metaverse. To transform Saudi into a regional hub for e-commerce, delivering on the promise of the digital ecosystem through state-of-the-art logistics.\u201d<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/p>\n<p><span data-contrast=\"auto\">Conversations on the first day focused on how the retail sector can best integrate technologies, including immersive capabilities like augmented reality, into their business models. Panels also considered the role of retail in other growth areas of the economy, including tourism, entertainment and new lifestyle destinations.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/p>\n<p><span data-contrast=\"auto\">The closing session was an unprecedented roundtable involving the leaders of some of the region\u2019s largest retail groups.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/p>\n<p><span data-contrast=\"auto\">Patrick Chalhoub, Group President of the Chalhoub Group; John Hadden, CEO of the Alshaya Group; Renuka Jagtiani, Chairwoman of the Landmark Group and Mohamad Mourad, managing director and CEO of Cenomi Group came together to discuss how the sector might collaborate internally and with government to drive positive change.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/p>\n<p><span data-contrast=\"auto\">The second day turned to the impact on retail of other sectors such as tourism and emerging lifestyle destinations. Speakers also addressed the changing dynamics and increasing capabilities of the payments markets, as cash transactions fall below 50 percent of total retail spend. Also on the agenda was the growing Saudi fashion sector and the emergence of exciting home-grown brands.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/p>\n<p><span data-contrast=\"auto\">The event included an interactive hybrid hall where partners including Cenomi Group, Saud Payments, Visa, TikTok, Snap and the 100 Saudi Brands Initiative, among others showcased their latest technologies and plans for the region.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cThe Ninth Retail Leaders Circle MENA Summit has been an enormous success, bringing together the sector leaders and industry pioneers and emphasizing the centrality of the Saudi Arabian market to the regional retail ecosystem,\u201d said Panos Linardos, Chairman of the Retail Leaders Circle. \u201cThe level of attendance and the quality of the conversation was extraordinary.\u201d<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cThe Retail Leaders Circle remains passionate about facilitating ongoing engagement and strategic collaboration to drive positive change in this vital sector.\u201d<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-ac38dc0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ac38dc0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-b51d354\" data-id=\"b51d354\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8e17e6b elementor-widget elementor-widget-text-editor\" data-id=\"8e17e6b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\tShare this post:\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-7476569\" data-id=\"7476569\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>On March 7th and 8th 2023, the Retail Leaders Circle hosted its 9th\u202fMENA Summit.  <\/p>\n","protected":false},"author":1,"featured_media":8868,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[7,23,24],"_links":{"self":[{"href":"https:\/\/wordpress.technoarray.com\/retailleaderscircle\/wp-json\/wp\/v2\/posts\/8867"}],"collection":[{"href":"https:\/\/wordpress.technoarray.com\/retailleaderscircle\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wordpress.technoarray.com\/retailleaderscircle\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wordpress.technoarray.com\/retailleaderscircle\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wordpress.technoarray.com\/retailleaderscircle\/wp-json\/wp\/v2\/comments?post=8867"}],"version-history":[{"count":0,"href":"https:\/\/wordpress.technoarray.com\/retailleaderscircle\/wp-json\/wp\/v2\/posts\/8867\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wordpress.technoarray.com\/retailleaderscircle\/wp-json\/wp\/v2\/media\/8868"}],"wp:attachment":[{"href":"https:\/\/wordpress.technoarray.com\/retailleaderscircle\/wp-json\/wp\/v2\/media?parent=8867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wordpress.technoarray.com\/retailleaderscircle\/wp-json\/wp\/v2\/categories?post=8867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wordpress.technoarray.com\/retailleaderscircle\/wp-json\/wp\/v2\/tags?post=8867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}