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Saudi mall owners continue building despite oil rout

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Published Mon, Dec 14, 2015 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Dubai

    THE highway that cuts through the middle of Riyadh, the Saudi Arabian capital, takes drivers past two shopping malls and another one under construction, each rising up soon after the last fades in the rear-view mirror.

    The outlets are emblematic of a retail building boom in Saudi Arabia that continues apace even as oil, the kingdom's dominant source of revenue, slumps.

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