According to a new industry report, “Retail Sector in UAE”, retail sales in the UAE are increasing and it is expected to grow further in coming years. Infrastructure development projects are expected to push the retail sector in the country.
This is different to the world, where retail sales have been hit hard by the ongoing global financial turmoil. Many other countries around the world are facing tough time. The research predicts a retail sales growth of around 10% in the UAE for the full year 2009.
Massive infrastructure development remains at the vanguard of the projected growth in the UAE retail sector in coming years. Dubai alone is expected to surpass 55 malls by 2009. These real estate developments have also attracted more tourists and led higher growth in the retail sales.
Report provides an exhaustive research and rational analysis on the retail market of the UAE. 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.
For Details Contact:: SonIa Gupta (sonia_g19@yahoo.com)
