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Noida, Uttar Pradesh, India, 2011/05/25 - With changing market dynamics, and strong consumer confidence, the Middle East retail market is expected to surge at a CAGR of 13% during 2009-2013, RNCOS identified - RNCOS.com.
According to our research report “Middle East Retail Sector Forecast to 2013”, Middle East has emerged as a key market for retailers across the world. Retail has been one of the fastest growing industries in the region for the past few years. Moreover, with changing market dynamics, rapid economic development, balancing crude oil prices, rising purchasing power, and strong consumer confidence, the market is expected to surge at a CAGR of 13% during 2009-2013.
Our ongoing analysis found that, the favorable government policy frameworks and active participation of private sector have facilitated the region’s retail industry to become one of the world’s most desirable retail environments in terms of investments and revenue generation. Further, factors, such as changing consumer demographics in countries, such as Saudi Arabia and the UAE, presence of large expatriate population, improving purchasing power, and abundance of petro dollar have attracted premium and luxury brands to the region.
Our report “Middle East Retail Sector Forecast to 2013” has identified Saudi Arabia and the UAE as the most potential and dynamic retail markets in the region. These two markets have been sustaining their dominance at the retail landscape for over a decade and will continue to do so in coming years. Presence of large expatriate population and majority of region’s retail investment in these countries have helped to maintain the growth momentum.
Besides, 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.
The ongoing research analysis also provides detail information about the consumer spending pattern. The scope and penetration of online retailing is also discussed in the report. The report also covers in-depth analysis of retail formats in the countries and type of products mainly available there.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with 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.