UAE Retail Industry Poised for Thriving Growth: RNCOS

Strong consumer confidence along with fast developing retail infrastructure will enable retail industry to grow at around 13% CAGR during 2010-2013.

Noida, India, April 07, 2010 --( According to their latest research report “Booming Retail Sector in UAE”, offering huge potential for retail developments, the UAE is gradually becoming hub for international retail giants. In the tough post-recession scenario, when prominent retail markets around the world are struggling to survive, UAE retail sector has continued to record a reasonable growth. The report projects that the retail sales in the country are expected to remain intact and will achieve one of the highest CAGR globally in coming years.

The report reveals that rapid development in country’s modern retail infrastructure is luring consumers for convenient shopping experience, thereby leading to increased retail spending. The per capita gross leasable area (GLA) has already surpassed 1 Sq Meter mark in 2008, which is one of the highest in the world. We anticipate this trend to prevail in coming years also, which, in turn, will gradually boost the retail sales growth in the country.

“Booming Retail Sector in UAE”, is an outcome of an extensive research and objective analysis of the retail industry in the UAE. The report discusses the market structure, current and past market performance and factors critical to the success of the country’s retail industry. It provides valuable statistics and analysis on all prominent retail segments including Food retail, Apparel, Cosmetics and Personal Care, Consumer Electronics, etc.

Moreover, the report highlights all the emerging trends, along with key market drivers, to help investors better understand the market conditions. It also identifies the possible growth areas for expansion.

The report not only covers the factors critical for formulation of successful marketing strategies but also includes information on potential industry roadblocks that may hamper its future growth potentials. The report presents forecasts for the industry based on past drivers, challenges, and opportunities for expansion. The ‘Key Players’ section talks about the business profiling and expansion strategies of all the leading players. In this way, the report presents the most unbiased picture of the market that will prove decisive for the clients.

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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.
Shushmul Maheshwari