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The Saudi Arabia Luxury Market reached a value of US$ 14.5 Billion in 2018. Looking forward, the market value is further expected to reach US$ 22.2 Billion by 2024, exhibiting a CAGR of 7.2% during 2019-2024. With its huge oil wealth, Saudi Arabia represents a nation having one of the highest concentrations of super rich households across the globe.

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