Tuesday, December 16, 2008

UAE Retail Surviving Economic Crisis, Infrastructure Building Growth

The retail sector in the UAE is anticipated to grow at a CAGR around 12% through 2012 despite global financial crisis, says RNCOS.

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. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.

For more information visit: http://www.rncos.com/Report/IM108.htm