The FUTURE RETAIL Summit 2014 celebrates Middle East's retail success and global attractiveness this 17-18 September 2014. The two day summit will keep you updated and connected with key retail stakeholders and feature new streams, high calibre speakers and activities.
The Middle East retail landscape has grown massively over the last 10 years. UAE, Kuwait and Saudi Arabia are the three Middle East countries that were ranked top ten countries of the 2013 Retail Apparel Index, alongside of China, Chile, Turkey, Brazil, Russia, Malaysia and Mexico. The UAE and Kuwait were also listed top ten in the 2013 Global Retail Development Index.
In fact, retail is reported to contribute 28 percent to Dubai's growth, proving that retail will continue to be one of Dubai's main sources of economic growth. Now with Expo 2020 down the line, Dubai is well on it's way to becoming the iconic city for retail. CBRE's 2013 edition of "How Global is the Business of Retail?" also revealed that Dubai came second as the most important international retail destination. The Business Monitor International (BMI) estimates that the UAE retail sales of Dh114bn in 2011, will grow 32.9 per cent to Dh151bn by 2015.
As a great start to 2014, the Dubai Shopping Festival (DSF) 2014 had 70 participating malls and 6,000 retail outlets offering promotions. The 2012 festival attracted 4.3 million visitors, who spent Dh14.7 billion, from which Dh8.9 billion was on retail. The 2013 figures are expected to rise by 5-10 percent.
Likewise, not only are international brands expanding widely in MENA, but the regional retail talent has grown immensely, varying from apparels, food and beverages, and home décor.
Keep checking our website for new updates on Future Retail 2014