Retail Stores Selling Counterfeits in Saudi Arabia

in Business Risk, Counterfeit Goods

Business leaders in Saudi Arabia state that statistics show that nearly 80 percent of retail stores in the country sell counterfeit goods to its customers. When surveying customers, the business industry found that 20 percent are using counterfeit products in their households.

25 percent of the medicines sold in local markets are counterfeit drugs.

Saudi Arabia losses an estimated $4 Billion a year to counterfeits.

Source:  Nadim Al Hamid, “Consumers warned not to buy counterfeit goods,” Arab News, September 21, 2013.

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