UAE Retail Industry to Sustain Impressive Growth

Backed by several existing factors, the UAE retail industry is anticipated to sustain remarkable growth at a CAGR of around 10% during 2011-2014, says RNCOS.

Noida, India (prHWY.com) March 22, 2012 - The Gulf region has undergone the biggest transformation in floor space in the retail history. Massive capital investments will bring transcendental changes in the physical setting of the shopping experience. The expansion of retail space in the Middle East, and the construction of new malls will create opportunities for both national and international retailers towards increasing their presence and penetration in the region.

Further a recent research report by RNCOS, "Middle East Retail Sector Forecast to 2013", says that government's policy frameworks and active participation of private sector is providing the extra boost to the growth of Middle-East Retail Industry. Rapid economic development, balanced crude oil prices, rising purchasing power, and strong consumer confidence are the strong pillars of the retail industry. Owing to the prevalence of a stable market dynamics, the Middle-East retail industry is anticipated to grow at a CAGR of around 10% to reach over US$ 1,000 Billion by 2014.

Being the biggest retail market in the GCC region, our study further revealed the fact that the UAE also accounts for being the highest retail spending country in terms of per capita income. Furthermore, it is presumed that affluent population, increasing household consumption and the big expatriate community including tourists and professional workers will provide a further boost to the UAE's retail industry in near future.

Apart from the UAE, the report has also carried out extensive research and in-depth analysis on the country-wise retail sector in countries (Saudi Arabia, Turkey, Egypt, Oman, and Qatar) that have registered excellent market expansion propelled by changing consumer demographics, presence of large expatriate population, and improving purchasing power in the recent past.

This comprehensive analysis of market will result in providing clients with leading-edge opportunities critical to the success of retail industry in the Middle-East countries. Our research on the market is also likely to facilitate investors, builders, and global retail players navigate through the Middle East's evolving retail sector.

Over and above, the report analyzes macroeconomic factors critical to the retail sector, along with their impact on the sector. Further, it also provides analysis of the key players existing in each country and includes their detailed business descriptions, pertinent before making a strategic decision-making. Additionally, the report sheds light on the emerging industry trends, which are expected to decide the future of the region's retail sector.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM196.htm

Some of our Related Reports are:

- Vietnam Retail Market Forecast to 2014 (http://www.rncos.com/Report/IM337.htm)
- South African Retail Industry Forecast to 2013 (http://www.rncos.com/Report/IM275.htm)
- UAE Retail Industry Analysis (http://www.rncos.com/Report/IM330.htm)
- Brazil Retail Industry Analysis (http://www.rncos.com/Report/IM319.htm)
- Booming Retail Sector in UAE (http://www.rncos.com/Report/IM108.htm)

Check Related REPORTS on: http://www.rncos.com/Retail%20industry.htm

About RNCOS

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: me retail market

Categories: Retail

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