The UAE remains the most attractive retail market in the Middle East, according to a new study by AT Kearney.
The latest edition of its Global Retail Development Index – ranks the top 30 developing countries for retail investment worldwide – placed the UAE fifth.
Only India, China, Malaysia and Turkey outscored the UAE as the country’s retail sector rose two places compared to last year’s study.
“The UAE remains the most attractive market in the region with strong growth opportunities beyond Dubai,” the report said.
“It still offers an attractive retail proposition even though growth has slowed down. Innovation was the main theme for the UAE last year – strip malls, unique format, entertainment centers, outdoor cinemas, all aiming to spark and sustain consumer interest,” it added.
AT Kearney also noted that e-commerce has grown at about 30 percent in the past few years and the recent developments – Amazon’s purchase of Souq.com and the launch of Noon.com – prove the strong growth trajectory of e-commerce… see more