Bharatbook
Bharatbook.com is glad to announce a new report titled “Middle East Retail Sector Analysis (2007-2010)”.
The retail sector in the Middle East region is growing rapidly. The increasing household consumption, affluent population, and booming services industry (tourism, banking and trading sectors) are propelling growth of the region’s retail industry. Also, the modern shopping malls anchoring state-of-the-art hypermarkets and various shopping events like Dubai Shopping Festival, makes the region a highly profitable destination for retail players, says “Middle East Retail Sector Analysis (2007-2010)”, the latest research report.
The report provides extensive research and rational analysis on the retail industry of the Middle East. It provides country-level analysis of the retail industry scenario in the Middle East. The report prudently evaluates various aspects of the industry and underlines the key issues related to the industry. The research report helps clients to analyze the opportunities and factors critical to the success of the retail industry in the Middle East.
Middle Eastern countries examined in this report include those of the Gulf Co-operation Council (GCC), the United Arab Emirates (UAE), Saudi Arabia, Kuwait, Oman and other countries that are part of the Middle East, like Turkey, Egypt, Jordan, Israel, and Iran.
Key Findings
Increasing population and growing economy will remain one of the major key drivers for the growth of retail industry in the Middle East Region.
Per capita consumption of cosmetics and fragrances in the Gulf region is one of the highest in the world.
Large availability of retail space in the Middle East makes the region all the more attractive for industry players. Dubai is alone expected to see a growth of over 263% in Gross Leasable Area by 2010 from 2006.
Various shopping events like Dubai (Dubai Summer Surprises and Dubai Shopping Festival) and Dubai Duty Free (DDF) is the major contributor in the UAE’s retail industry, with retail sales in DDF accounting for more than 9% of total retail sales in the UAE.
The trend of shopping at modern retail formats is growing in Middle East.
Preference for international brands among consumers in the Middle East is increasing.
Prevalence of lifestyle-related diseases offers opportunities for dietetic and health foods
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