Retail

With strong foundations in a thriving economy, a young population and a maturing consumer base, Qatar’s retail sector looks set to maintain robust growth as the country continues to develop into a major regional centre for trade and commerce. The state’s luxury retail segment in particular has witnessed strong growth in recent times with the rapid growth of the economy providing luxury retailers with a large and wealthy consumer base. A total of 14 new malls are in the pipeline and are set to add more than 1m sq metres of retail space over the next three years. In addition to malls, mixed-use projects are also being developed in Doha with one such development set to include 640 retail stores and 56,600 sq metres of leasable shopping space when fully operational.