UAE Retail Sector Set for Skyrocketing Growth

Among the world’s fastest growing retail markets, the Middle East is currently the most-lucrative one. It is in the center of an unprecedented economic boom, with retail activities exploiting it the most. The UAE exhibit the most dynamic retail map in the Middle East. As per our research report “Middle East Retail Sector Forecast to 2013”, retail spending in the UAE is expected to perform better compared to other countries across the Middle East due to its status as a strong tourism, transportation, logistics, and trading hub.On the back of these strong factors, the UAE retail sales are expected to surge at a CAGR of around 12% during 2009-2013.

 

In terms of availability of real estate for retail industry, the UAE will continue to dominate the regional retail real estate arena. Realizing this enormous potential of the UAE retail industry, the government and private companies are establishing new retail outlets at a fast speed. Dubai alone represented 36 malls in 2005, and this was expected to cross 40 malls at the end of 2008.

 

Our research also reveals that hypermarkets, supermarkets, and superstores are generally located in urban areas. Smaller-sized stores are located in urban, sub-urban, towns, and rural areas, with a larger concentration found in the country’s interior. Most developmental growth in the retail sector is occurring in large-sized stores. Our research report provides a detail analysis on the UAE retail sector along with its future outlook till 2013. Further, it has included information on retail formats and opportunities & challenges critical for the success of the UAE retail market.

 

Our report has also examined other Middle Eastern countries including the GCC nations such as, Saudi Arabia, Kuwait, and Oman besides Turkey, Egypt, Jordan, Israel, and Iran. The report will help in gaining deep understanding of past and current scenario of the Middle Eastern retail industry. It has also identified market drivers that are driving the industry and future growth areas. In addition, we have discussed the major players operating in the Middle Eastern retail market.

For more information visit: http://www.rncos.com/Report/IM196.htm