вЂњThis rapid growth is not without its challenges. Once news of the soaring demand for high quality restaurants catches the attention of global brands, consumers will benefit from additional options, but international F&B outlets will undoubtedly rival the local outlets in terms of cost, reputation and experienceвЂќ.ДЇor now, brands such as Magnolia Bakery from the UAE and Urth Caffe from the US have helped position these two countries as the second and third largest sources of restaurant chains, respectively, in Riyadh, says Knight Frank. American food outlets account for 16% of F&B outlets, while Lebanese restaurants are the third most prevalent at 13%. 68% of the cityвЂ™s new restaurants and cafes are Saudi brands, 21% of which specialise in international cuisine. Knight FrankвЂ™s analysis reveals that the growing F&B scene is being transformed by home-grown local restaurants and cafes.Дurrani added, вЂњInternational restaurant brands are yet to arrive in a meaningful way, which is a double-edged sword.

вЂњThe cafГ© scene too is bustling with 40% of new outlets falling into this category, with UWalk becoming the nerve centre of RiyadhвЂ™s cafГ© culture, with 53% of outlets dedicated to coffee shops.вЂќ Bujairi Terrace at Diriyah Gate will add a further 15,000 sqm of lifestyle retail space to the capital when its 17 restaurants open their doors in 2022. The KingdomвЂ™s capital is beginning to morph into a foodieвЂ™s treasure trove and weвЂ™re not done yet. These key ingredients that define a cityвЂ™s habitability are slowly starting to fall into place in Riyadh.

Riyadh: RiyadhвЂ™s food and beverage scene is really thriving with 288,000 sqm of restaurant-led lifestyle retail developments, which include 273 new restaurants, spread across 16 lifestyle retail developments, coming to market, since the National Transformation Plan was announced in 2016, according to new research by global real estate consultant, Knight Frank.ДЇaisal Durrani, Partner - Head of Middle East Research, Knight Frank, explained: вЂњThe governmentвЂ™s vision to transform Riyadh into a new cosmopolitan business hub for the region is bringing into focus the cityвЂ™s public realm and lifestyle amenities.

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