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UAE Retail Surviving Economic Crisis, Infrastructure Building
Growth
According to our new market research report, "Booming Retail Sector in UAE",
total retail sales in the UAE are projected to grow at a CAGR of around 12%
for the period spanning from 2008 to 2011, despite global economy slowdown.
Various infrastructure development projects are expected to push the retail
sector in the country.
This is contrary to the world, where retail sales have been hit hard by the
ongoing global financial turmoil. Retail sales in the US, for instance,
dropped 2.8% in October 2008, the fourth consecutive drop, pushing the
economy towards the worst slump in decades. Many other countries around the
world are also going through the same phase, says the report. The research
predicts a retail sales growth of around 13% in the UAE for the full year
2008.
Massive infrastructure development remains at the forefront of the projected
growth in the UAE retail sector through the forecast period. Dubai alone
boasted 36 malls at the end of 2005 and this figure is expected to surpass
50 malls by 2008. These supermarkets and malls have widened the availability
of consumer goods in the market. These real estate developments have also
attracted more tourists and led higher growth in the retail sales.
"Booming Retail Sector in UAE" provides an exhaustive research and rational
analysis on the retail market of the UAE. This extensive research will help
the clients to identify the market trends and evaluate the leading-edge
opportunities critical to the success of the retail market in the country.
The study gives an overview on various factors driving the retail sector,
together with the forces that are blocking the growth of the industry.
The research also features forecast on vital factors of the industry,
including market size of the industry, private consumption, tourist
arrivals, household consumption, GLA, retail spending and Internet
penetration. It also covers forecast on various sub-segments like food
retailing, cosmetics & personal care market, PC installation base and air
conditioning market.
About RNCOS:
RNCOS, incorporated in the year 2002, is an industry research firm. We are a
team of industry experts who analyze data collected from credible sources.
We provide industry insights and analysis that helps corporations to take
timely and accurate business decision in today's globally competitive
environment.
We are running a special offer on select reports till Year end, where you
can avail our reports at discounted prices. Please click here to know more:
http://www.rncos.com/promotion.htm .
For more information visit: http://www.rncos.com/Report/IM108.htm
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