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Fashion Expo Arabia will provide your business with
an unparalled opportunity to access a region where
imports of clothing and fashion related products
across the Middle East were estimated at nearly
US$12 billion in 2007 with imports to the Arabian
Gulf States alone being estimated at over US$5.6
billion.
Retail Growth in the middle east shows absolutely no
sign of slowing down, the retail industry within the
region is expected to exceed US$500billion by 2010
and Abu Dhabi is at the very heart of the
region. Retail is the second largest non oil sector
in the United Arab Emirates as well as across the
GCC. The UAE is ranked 8th in analyzing the
attractiveness of 25- retail markets around the
world.
The UAE has positioned itself as a prime shopping
and also re export destination for the Middle East,
Europe and Asia. The clothing and fashion market in
the UAE is experiencing astounding growth on the
back of rising consumer spending, surge in tourists
and a 150% growth in retail space. The UAE alone is
predicted to spend some US$9 billion on garments and
textiles by the end of 2009.
The Middle East and North African region is home to
more than 270 million consumers with a GNP of US$1.4
trillion. This strong growth in consumer spending is
being driven by the young with 70% of the regional
population under the age of 30 The constant increase
in population and tax-free incomes has resulted in
an increased demand in retail space and development.
This is evident with the annual 50% increase in
shopping mall space in the Gulf alone. Current
estimates see a spend of US$26 billion in the
construction of retail space, this is set to
significantly increase with new hotels coming
on-line and the increasing air travel – the UAE
alone will have some 100billion square feet of
retail space by 2012 |