Kuwait boasts the presence of several major luxury brands. Ranking 13th in the world in terms of per capita GDP, its affluent and brand conscious population, young demography, and a growing population position Kuwait’s luxury retail market favorably.
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While the overall consumer and retail sector has been adversely affected by the pandemic, it has been a mixed of bag of challenges with fewer opportunities.
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Sharia funds outperform due to lack of exposure to conventional banking, alcohol, gambling, tobacco, and cinema – businesses that took a big hit due to the lockdowns.
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