UAE's retail sales hit $66b in 2013
|Dubai: A recent report by the AT Kearney Global Retail Development Index (GRDI) reveals that the UAE climbed to the 4th position among the most attractive retail markets globally, helped by retail sales growing at 5 per cent in 2013, with annual sales crossing $66 billion.
This was highlighted in connection with the 29th International Autumn Trade Fair (IATF), now branded as ‘Smart Living’, the Middle East’s most successful consumer goods Trade Fair that will open on Dec.1 at Dubai International Convention & Exhibition Centre.
According to Satish Khanna, General Manager of Al Fajer Information & Services, organizer of IATF 2014, the UAE’srapidly growing GDP makes it a strong retail market supported by ambitious long-term plans. He said: “The UAE has a head-start of a quarter of a century in the region’s retail industry and Dubai has become the turning platform and the undisputedmust-be-present market for almost all international retailers.”
Against the scenario of over 700 shopping malls and thousands of marketplaces in the Middle East and GCC, Smart Living is stepping into its 29thyear providing a platform for international manufacturers, suppliers, traders, exporters,and brand owners to reach out to their incumbent and potential stakeholders.
“With plans to launch Mall of the World in place and the current expanding retail space across the Emirate, Dubai is raising the competition bar to a whole new level. The Smart Livingshow is putting on display a wide range of consumer goods that will not only boost the shopping movement in the Emirate but also initiative huge retail deals on the exhibition floor.”