Retail

Over the years, the retail landscape in the GCC has changed tremendously from traditional, small, independent, unorganized outlets in the form of souks to large, modern and organized retail chains in the form of malls.

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Overview

Retail sector in the GCC region continues to grow amid the prospering e-commerce supported by buoyant consumer optimism. Favorable youthful demographics and rising per capita income levels coupled with state grants in the form of subsidies/monetary transfer augurs well for the resilient consumer demand. The prime cities of Dubai and Abu Dhabi in UAE; Jeddah and Riyadh in Saudi Arabia account for much of the shopping space supply.

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