Ground-breaking study to highlight the growth drivers for global and local brands in a nation undergoing transformation
Jeddah, 21 March, 2017
The first ever BrandZ™ Top 20 Most Valuable Saudi Arabian Brands ranking will be released on 28th March 2017 by WPP and Kantar Millward Brown in collaboration with King Abdullah Economic City.
It is the only brand valuation ranking that combines the perceptions of Saudi consumers with financial data, making it the definitive cross-category study of the most accomplished brands in the most dominant Arabian market.
The launch of the ranking includes a detailed report that analyses the success of the top 20 brands and identifies the key forces driving brand growth in the Kingdom.
The release of BrandZ™ Top 20 Most Valuable Saudi Arabian Brands ranking is supported by the Ministry of Commerce and Investment, Prince Mohammad Bin Salman College of Business & Entrepreneurship and King Abdullah Economic City.
Piotr Chodakowski, Country Manager, Kantar Millward Brown, explained: "Saudi Arabia is already the dominant economy in the Middle East and a G20 nation which is in the midst of social and economic change on a massive scale, making it an extremely attractive long-term market for global and local brands alike. This is the first edition of an annual study that will track and anticipate the rapidly-evolving environment for these brands, and chart their changing value."
It is expected that there will be continuing growth in consumer demand in the Kingdom as the government continues to implement its Vision 2030 programme to diversify the economy and stimulate private sector activity to offset the dominance of the oil sector.
This provides opportunities for start-ups to grow into strong national brands, while also providing an opportunity for international companies to play a role in the Kingdom’s transformation.
Saudi Vision 2030 targets include increasing the private sector’s contribution to GDP from 40 percent to 65 percent, while boosting home ownership and increasing household spending on culture and entertainment represent opportunities for brands. Significantly, the government has set a target of 80 percent of retailing comprising modern trade and e-commerce by 2030.
The BrandZ™ Top 20 Most Valuable Saudi Arabian Brands 2017 report will include knowledge and insight to help brands successfully navigate this environment, including:
- summary profiles of Saudi Arabia’s Top 20 most valuable brands
- action-oriented recommendations on brand building, based on our expert analysis of the market
- exploration of cross-country trends – including the desire to balance modernity with heritage and culture
- brand building learnings from the major emerging economies China, India and the LATAM regions
- essays on best practice from leading experts in branding and the Saudi Arabian market.
The global communications services leader, WPP companies have been engaged in Saudi Arabia for over 35 years. Today more than 400 people including associates work in 11 companies and 20 offices in Riyadh, Jeddah and other cities providing advertising, marketing, insight, media, digital, retail, shopper marketing, and PR expertise.
WPP is the world’s largest communications services group with billings of US$74 billion and revenues of over US$19 billion. Through its operating companies, the Group provides a comprehensive range of advertising and marketing services including advertising & media investment management; data investment management; public relations & public affairs; branding & identity; healthcare communications; direct, digital, promotion & relationship marketing and specialist communications. The company employs over 205,000 people (including associates and investments) in over 3,000 offices across 112 countries. For more information, visit www.wpp.com .
WPP was named Holding Company of the Year at the 2016 Cannes Lions International Festival of Creativity for the sixth year running. WPP was also named, for the fifth consecutive year, the World's Most Effective Holding Company in the 2016 Effie Effectiveness Index, which recognizes the effectiveness of marketing communications. In 2016 WPP was recognised by Warc 100 as the World’s Top Holding Company (second year running).
About Kantar Millward Brown
Kantar Millward Brown is a leading global research agency specialising in advertising effectiveness, strategic communication, media and digital, and brand equity research. The company helps clients grow great brands through comprehensive research-based qualitative and quantitative solutions. Kantar Millward Brown operates in more than 55 countries and is part of WPP’s Kantar group, one of the world’s leading data, insight and consultancy companies. Learn more at www.millwardbrown.com.
© Press Release 2017