RNCOS Releases a New Report - Booming Retail Sector in UAE
By: noina dodo
Submitted: 2010-06-11 20:47:03 | Word Count: 407
RNCOS has recently added a replacement Market Analysis Report titled, “Booming Retail Sector in UAE” to its report gallery. Retail has been one of the fastest growing industries in the UAE for the past few years. Favorable government policy frameworks and active participation of personal sector have facilitated one in all the globe’s most desirable retail environments in terms of investments and revenue generation. Additional, burgeoning economy, balancing crude oil prices, rising getting power and sturdy client confidence are strengthening the retail industry.
Per our new research report “Booming Retail Sector in UAE”, the economic slowdown signs were almost nonexistent in UAE retail trade and its growth rate remained intact in 2009. Surging public and private sector consumption together with the contribution of sturdy industry verticals (tourism, trade, banking, etc) are expected to assist the retail industry expertise an impressive CAGR of around thirteen% throughout 2010-2013.
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Additionally, the country’s population is extremely dominated by expats. Of the total population, UAE nationalists solely account for twenty% share and rest is from South Asia and European countries. Massive proportions of expatriates are mainly employed in commerce, aviation, tourism and constriction sectors, and relish comparatively high web worth. The consumer segment is fueling retail sales and encouraging new market players for additional developments.
The rapid development of recent retail infrastructure is luring shoppers for convenient searching expertise and remodeling into high retail spending. Per capita gross leasable space (GLA) surpassed one Sq Meter mark in 2008, which is one amongst the very best in the world. We anticipate that this trend will prevail in returning years and gradually boost the retail sales growth.
The report is an outcome of intensive research and thorough analysis of retail industry in the UAE. It facilitates statistics and analysis of all distinguished market segments to supply deep and informative understanding of the market. The report also examines shopper behavior state of affairs with respect to buying selections, spending pattern, and inclination towards domestic and foreign brands. The future growth areas mentioned in the report helps to analyze the emerging market segments for players.
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