As per our recent report “Middle East Retail Sector Forecast to 2013”, the Middle East has emerged as a key market for retailers across the world with a rapid transformation in its retail industry. According to our estimations, the Middle East retail market is forecast to grow at a CAGR of about 13% during 2009-2013. Turkey is expected to continue accounting for majority of the retail sales in the region, while Oman is set to witness maximum growth rate of around 33% CAGR during 2010-2013.
The report covers in depth study of GCC nations including Kuwait, Bahrain, Saudi Arabia, Qatar, United Arab Emirates and Oman. Along with that the retail industry of Turkey, Egypt, Iran, Israel and Jordan are also analyzed. High growth in Gross Leasable Area in GCC is the key driver for booming retail in the region. Food Retailing is another important growth area with food categories like ‘Halal’ growing rapidly.
The report provides an extensive and in-depth evaluation of retail formats of various nations like hypermarkets and supermarkets, which are attracting customers for retail purchases. We have also identified all the important key players like Carrefour operating in the region.
Additionally, various growth opportunities and hurdles present in Middle Eastern countries are covered in the report. On one hand it is witnessing growth in online retail sales, but, at the same time, it has regional and ethical issues which hinder its growth.
“Middle East Retail Sector Forecast to 2013” is a comprehensive report that comprises quality research and in-depth analysis of the retail market in Middle East. It studies the emerging market trends, recent developments and their impact on the sector. The report will help clients to analyze the leading-edge opportunities, key players, expected future outlook and all the other factors, which are critical to the success of a new entrant in the Middle East Retail Sector.
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