Double-digit GDP growth for four of the past seven years, moderate inflation and high employment have had a positive impact on Panama’s retail sector. According to the National Institute of Statistics and Census, retail revenues increased 19.1% between 2011 and 2012, outpacing those of other service segments, and attracting growing interest from potential foreign entrants, particularly from the...
Retail
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Chapter | Retail & Distribution from The Report: Panama 2014
Following its successful chairmanship of ASEAN in 2013, Brunei Darussalam will look to continue its role as a regional leader in areas ranging from defence to commerce. The increased focus on diversification and the growth of several industries bode well for the economy, and the coming years are expected to see Brunei Darussalam further bolster its position within ASEAN and the international economy.
The announcements for a number of multi-billion dollar projects are indicative of rising confidence in Egypt’s retailing sector, bolstered by the economy’s favourable long-term fundamentals, although there is still a certain wariness over the country’s macroeconomic performance.
Economic update | Saudi retail set for growth
4 Feb 2014
The Saudi Arabian retail sector is expected to continue to post solid returns, with strong prospects for expansion in the medium-to-longer term, although this year retailers will likely have to factor in the higher costs as they hire more local staff.
The emirate posted robust economic expansion across all sectors in 2013, and its resilience in the years following the global economic downturn has helped to re-build confidence among the global business community. Dubai has set itself the target of reaching 20m visitors per year by 2020 and the emirate received a major boost to this end when it won the right to host World Expo 2020 in November 2013.
Articles & Analysis | The big picture: New malls are keeping pace with the emirate’s reputation for innovation and world records from The Report: Dubai 2014
With already more modern retail space per person than all other markets in the region, Dubai in theory should have difficulty in justifying any expansion. Yet that would be to underestimate the emirate’s plans to double its number of tourists in the next seven years to 20m and also to expand its resident population. During the first half of 2013...