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Fashion
Expo Arabia provides a gateway to a wealthy and rapidly
developing market. The past years have seen huge expansion
in the economies of the Arabian Gulf States fuelled by
enormous oil and gas revenues and highly successful moves in
to large scale retail, property and tourism ventures
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Retail space in the Arabian Gulf is growing by over 50% per year
is expected to exceed 11 Million square metres by the end of
2010. The United Arab Emirates alone boasts some of the largest
shopping malls in the world. |
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Imports of clothing and fashion related products across the
Middle East were estimated at nearly US$11 Billion in 2007 with
imports to Arabian Gulf States alone being estimated at over
US$5.6 Billion |
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Abu Dhabi currently boasts the highest GDP in the world at
US$46.147. Regional spending on fashion shoes, sport shoes, bags
and other leather products in the Arabian Gulf is currently
forecasted to be more than US$413 per head per annum. With good
weather, high tax free incomes, and young growing populations in
the Arabian Gulf consumer spending is amongst the highest per
head in world. |
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With wealthy, young growing fashion conscious populations across
the Arabia Gulf the annual growth in retail in this sector is
estimated at 12.7%. Clothes and accessory retailing currently
accounts for more than 27% of all retail space. |
