Riyadh, Saudi Arabia – Wal-Mart’s flagship store opened on Thursday in the heart of the kingdom, a symbol of its global ambitions as it seeks to transform itself into the largest retailer in the world.
Saudi Arabia is Wal-mart’s first international store, but the brand’s brand identity has also been built around its traditional stores in the US and Europe, where it is seen as the only global store that offers customers an affordable option for shopping.
Walmart announced the launch of its first store in the kingdom in May, and it will be the biggest in the Middle East and the world in terms of size and scope.
Saudi Arabian Prime Minister Abdallah al-Saud said on Thursday that Wal-Marts will be able to serve customers in the country, but that it will also be a platform for innovation and entrepreneurship.
Wal-Mart is one of the world’s largest retailers with more than 50,000 stores in 45 countries.
Its latest store, the “Kingdom,” is the biggest store to open in Saudi since it opened in the city of Jeddah in 2007.
“It is a place where you can feel the love for Wal-Mer, the king of Saudi Arabia, as well as the country itself,” Abdulaziz bin Momen, the head of the department store, said.
“There is something special about Saudi Arabia and its culture, its history, its people.”
The “Kingness” is an acronym for King Salman Bin Abdulaziza Al Saud, Saudi Crown Prince and ruler of the country since 2022.
Its opening is seen by many as a symbolic milestone in Wal-Biz’s transformation into a global company.
The Saudi government has been encouraging the company to expand its presence in the region.
The “Queen of Wal-Shaiba” – an Islamic state, a political and economic entity – is also widely considered to be the richest in the Arab world.
The country is also home to the world headquarters for the global logistics giant Amazon.
The opening of Walmart’s “Kinghood” store was the second major development in the company’s transformation plan.
In 2015, Wal-Flex opened in Riyadh, and the kingdom was among the first in the Gulf region to allow foreign direct investment in the sector.
In February 2016, Walmart launched its first retail store in Egypt, a move that attracted widespread criticism in the Muslim world.
But the brand is also seen as a champion of women’s rights and human rights.
The company’s “Queen,” as she is known, is the founder of the International Campaign for Women and the first woman to hold the Saudi post.
Wal Mart is also working with the Arab League to support women in the workplace, in the field of education, health and the fight against poverty.