Abstract
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 by RNCOS.
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.
Key Issues & Facts
- What is the market size and scope of the retail industry in Middle East?
- What is the segment-wise size of market and what are its growth prospects?
- What are the emerging trends there?
- Which factors are driving growth in this sector?
- What and where are the growth prospects and issues related to the industry?
- What are the opportunities and challenges faced by retailers in Middle
East?
- Who are the major players in the Middle East retail industry?
Key Players
This section covers the key facts about players currently operating in the
Middle East retail industry, including Carrefour, EMKE Group, Blue Square
Israel Ltd., Sultan Center etc.
Research Methodology
Information Sources
Information has been sourced from books, newspapers, trade journals, and white
papers, industry portals, government agencies, trade associations, monitoring
industry news and developments, and through access to more than 3000 paid
databases.
Analysis Method
The analysis methods include ratio analysis, historical trend analysis, linear
regression analysis using software tools, judgmental forecasting, and cause
and effect analysis.
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