Retail

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Although multiple factors are reshaping Dubai’s retail sector, new changes to visa regulations have helped the emirate achieve a significant increase in the number of international tourists, helping it remain a top global destination.

 

How will the introduction of value-added tax (VAT) impact the luxury retail sector?

Chapter | Retail from The Report: Dubai 2018

Dubai is one of the world’s leading shopping capitals, and the retail and wholesale sector is the biggest single contributor to the economy. Local iconic malls are constantly reinventing themselves, searching for new brands and experiences to attract global consumers to spend on fly-and-buy excursions. The relationship between retail, real estate, air transport and tourism is key to the...

Dubai saw steady GDP growth of 2.8% in 2017 and this is expected to reach 3.2% in 2018, with an increased drive towards consolidating its position as a knowledge-based economy. The emirate is among the most diversified in the region, thanks to factors such as a highly attractive business environment that has brought in large amounts of foreign investment.

 

A defining characteristic of President Nana Akufo-Addo’s industrial policy is decentralisation. The new administration is hoping to drive economic growth and employment by encouraging the development of industry in every region of the country.

 

What are the main trends you foresee in the consumer markets in West Africa and Africa as a whole?

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