UAE Retail Sector to Witness Phenomenal Growth in Near Future

Strong middle class population and increasing domestic consumption is expected to drive the growth of retail industry in the UAE at a CAGR of around 13% during 2010-2013, says RNCOS. End Quote

(1888PressRelease) March 23, 2011 - According to our latest research report "Booming Retail Sector in UAE", retail sector in the UAE is observing increased activity from global retail players due to the incredible growth potential it holds. The UAE's retail sector averted the effects of global recession and continued to grow in double digits. With surging consumer confidence, increasing public & private sector consumption, encouraging government policies, and rising purchasing power, the retail sector in the country is expected to rapidly grow at a CAGR of around 13% during 2010-2013.

According to our research, the country will witness a growing market for all segments, such as Food & Beverages, Apparel, and Cosmetics & Personal Care. Along with these segments, activity in retail of various types of electronic products, such as computers, air conditioning equipments, and other consumer electronics will also sustain upward growth trend in the coming years on the back of the various reasons discussed in the report.

"Booming Retail Sector in UAE" is an outcome of an extensive research and objective analysis of the retail industry in the UAE. It discusses the market structure, current and past market performance and factors critical to the success of the country's retail industry. Further, our report discusses the direction, in which, the retail industry is likely to move in near term considering the impact of various market forces. It provides valuable statistics and analysis on all prominent retail segments including Food retail, Apparel, Cosmetics & Personal Care, Consumer Electronics, etc.

Our report has also examined other Middle Eastern countries including the GCC nations, such as Saudi Arabia, Kuwait, and Oman besides Turkey, Egypt, Jordan, Israel, and Iran. Besides this, the report analyzes the trend of macroeconomic factors critical to the retail sector. Additionally, the report sheds light on the emerging market opportunities and challenges, which are expected to decide the future of the UAE's retail industry.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM108.htm

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About RNCOS:

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with a 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.

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