Jun 092016

developing retail markets

The UAE and Saudi Arabia have been named among the world’s top 10 developing retail markets, according to AT Kearney’s 2016 Global Retail Development Index (GRDI).

The UAE, led by Dubai, was ranked seventh in the list and remains an attractive and relatively low-risk market for retailers, with highest sales per capita in the region, said AT Kearney.

Its report said mall activity remains strong in the UAE, with Dubai’s Mall of the Emirates opening its 36,000 sq m extension and Majid Al Futtaim’s latest shopping mall City Centre Me’aisem being completed, alongside phase two of City Walk.

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