RAK is home to thriving cement and ceramics industries, and in 2014 manufacturing – the emirate’s main employer – accounted for 25.1% of total GDP. The emirate’s free trade zones have been key to driving this expansion. The FTZs offer international companies 100% ownership and allow them to take full advantage of the GCC’s free trade laws. Meanwhile, the emirate’s retail offering continues to...
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Chapter | Industry & Retail from The Report: Ras Al Khaimah 2015
With more limited hydrocarbons reserves compared to its UAE neighbours to the south, RAK has developed into an industrial hub thanks to its dynamic network of industrial free trade zones. Considerable natural resources feed the country’s thriving cement and ceramics industries while elsewhere the emirate is looking to leverage its varied landscapes in a bid to boost tourism revenues in line with general economic diversification targets.
In a year marked by major acquisitions, Egypt’s food manufacturing industry is preparing for a round of new listings, as companies look to finance their expansion plans on the back of a more favourable outlook.
An expanding middle-income client base and positive consumer sentiment is underpinning the expansion of Nigeria’s retail sector, helping to attract fresh investment from foreign retailers despite forecasts of slower economic growth.
Articles & Analysis | "Kuwaiti luxury retail market thrives " from The Report: Kuwait 2015
In spite of its relatively small population, Kuwait has all the makings of a thriving luxury retail market. With GDP per capita among the highest in the world, spending power is consequently very high. This increased ability to purchase goods, combined with a young population that views shopping as a popular leisure activity in its own right,...
Articles & Analysis | Large-format retail chains expand in Kuwait from The Report: Kuwait 2015
Although the hypermarket format is nothing new for Kuwaiti retail, penetration remains relatively low by regional standards. According to A.T. Kearney’s latest retail report, the Kuwaiti groceries market is fragmented, with the top five retail groups accounting for just 10% of the market. Traditional retailers – cooperatives, local corner...