Retail Industry in UAE to Top US$ 21 Billion by 2013

According to our latest market research offering, “Booming Retail Sector in UAE”, UAE represents one of the fastest growing retail industries in entire MENA region. Even in the wake of economic slowdown, the industry achieved double-digit year on year growth in 2009 and outpaced recessionary effects comfortably. Our research further indicates that surging public and private sector consumption along with the contribution of strong industry verticals (tourism, trade, banking, etc.) are expected to further boost the retail sales in the country and industry CAGR for 2010-2013 is anticipated to remain in double-digit bracket.

The research reveals that service sector strongly supports the retail activities in UAE. For example, the tourism industry has boosted retail spending in recent years, and in 2009, the segment emerged as the second largest retail sales channel in the UAE. In the line of billions of dollar worth of tourism infrastructure developments, the country is anticipated to receive 18 Million foreign tourists by 2016. These tourists not only bring foreign currency into the country but also make huge contribution to the retail industry by substantially spending in malls and local shops.
“Booming Retail Sector in UAE” is an outcome of extensive research and objective analysis of the retail industry in the UAE. It facilitates statistics and analysis of all prominent market segments including food and beverage, food retail, apparel, cosmetics, consumer electronics, etc. to provide deep and informative understanding of the market. The report also examines the consumer behavior scenario with respect to purchasing decisions, spending pattern, and inclination towards domestic and foreign brands. We have also identified all the key players in the Competitor Analysis section of the report. The section talks about the business profile and strategic moves of the leading players operating in the sector.
Most importantly, the report has also given the industry forecast based on correlation of past drivers, challenges and opportunities for expansion. In this way, the report presents a complete and coherent analysis of the UAE retail industry and will prove decisive for clients.