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Follow on Google News | Egyptian Retail Market on High Growth TrajectoryEgypt retail sector is anticipated to reach around US$ 115 Billion by 2013, growing at a CAGR of around 12% during 2011-2013, RNCOS acknowledged.
By: Shushmul Maheshwari Ongoing research found that, Egypt is counted among the region’s fastest growing and most modern markets. Factors, such as increasing youthful population, emergence of a more affluent middle class, active tourism industry, and the entry of more female population to the workforce will drive the retail market in Egypt to grow at a CAGR of around 12% to reach US$ 115 Billion by 2013 end. Besides Egypt, other countries, such as Saudi Arabia, Turkey, the UAE, Israel etc have registered excellent market expansion on the back of changing consumer demographics, presence of large expatriate population, and improving purchasing power. Our report outlines that, the Middle East retail sector is experiencing major developments in the field of organized retailing. Organized retailers, large retail formats, and discounters are increasing their market share at the expense of small autonomous retailers and family businesses. The main reason for the organized retailing in the Middle East is high summer temperatures, which enables people to approach air conditioned malls as social hubs for shopping and also for meeting people. “Middle East Retail Sector Forecast to 2013” provides extensive research and in-depth analysis of the Middle East retail sector. The report analyzes macroeconomic factors critical to the retail sector along with their impact on the sector. The report also identifies key players in each country and includes their detail business description. Additionally, the report sheds light on the emerging industry trends, which are expected to decide the future of the region’s retail sector. For FREE SAMPLE of this report visit: http://rncos.com/ Check DISCOUNTED REPORTS on: http://www.rncos.com/ # # # RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner. End
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