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UAE Retail Industry Outlook and 5 Year Forecast 2011-2015
Oryx Business Intelligence, Feb 2012, Pages: 40
This report presents a perspective of the current situation and the future outlook of the Retail Industry in the UAE. It reviews the retail industry with industry forecasts for 2011-2015.
This is followed by a detailed analyzes of the growth drivers, trends in the industry including consumer demand trends, retailer trends and mall owner/ operator trends, their impact on the various industry participants, the challenges faced by the retail industry and finally, the projections for the industry till 2015 and its segments. The report also includes a SWOT analysis of the retail industry for a quick glance at the overall industry, the competitive landscape of the retail industry along with the recent happenings and a profile of the key industry players.
The 40 page report assembles and presents all the pertinent data along with the analysis of the information in a convenient and insightful manner. Interspersed with 18 data tables, figures and charts, the report provides an easy to understand and a definitive primer for those interested in the retail industry in the UAE.
Some of the key findings include:
- Retail revenues in the UAE experienced a CAGR of 9.6% during 2006-2010
- The UAE retail growth story is back, but at a slower rate than the pre-2008 years
- UAE is emerging as one of the most sought after destinations for international retailers
- Emirates outside of Dubai, especially Abu Dhabi, are slowly emerging as attractive centers for development of shopping malls
For industry players, the increasing competition and the demands of the new value-seeking consumers are the challenges to be overcome. Existing store plans and expansion plans are being redrawn to reflect the new maturity of the market. Although online retail is in its infancy in the Country, it is likely to gnaw away at retailers who do not have an internet presence in the near future.
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