• Retail

    Western-style shopping malls are increasingly popular in emerging markets. OBG’s retail sector analysis looks at local demand, shopping habits, opportunities for development in smaller cities, consumer spending power and brand awareness.
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The completion of a sizeable local tower project, continuing expansion of the country’s largest mall and moves by a major Kuwaiti retail firm into the UK market have underlined the rising growth and confidence in the domestic retail sector. This confidence is being seen in new investment and projects, with Kuwait’s largest mall and shopping centre, The Avenues, building a $500m extension scheduled for completion by September 2012.

In the world of retail, Kuwait is a heavy-hitter. In a 2011 study by management consulting firm AT Kearney, the country was ranked fifth on the global retail development index and the sector is the highest ranked in the Middle East and North Africa (MENA) region. This is despite a relatively small population of some 3.5m.

Dining out is a national pastime in Kuwait, and restaurants catering to a variety of tastes have sprung up in the capital over the past few years. Chinese, Japanese, Thai, Italian, Indian, American and Lebanese food are all heavily represented. With high levels of disposable incomes, Kuwaiti families provide a steady flow of customers to restaurants...

With confidence in Papua New Guinea’s economy rising due to the prospects of gas and mining wealth, the country’s retail market is expected to see significant expansion in the next few years. Rising incomes and urbanisation suggest the retail and industry sector will gradually evolve away from its traditional focus on informal markets to new trends such as luxury goods and modern shopping malls and supermarkets.

Chapter | Retail from The Report: Kuwait 2012

In the world of retail, Kuwait is a heavy-hitter. This is despite a relatively small population of some 3.5m. Indeed, with the high level of disposable income that Kuwaitis enjoy, retail sales are expected to grow over the coming years by some 42%, from $8.41bn in 2011 to $11.92bn by 2015. This is because mall shopping has become ingrained in local popular culture. Moreover, in recent years a...

Nestled between Iraq and Saudi Arabia in the northwest corner of the Gulf, Kuwait has been a leader of Arab democracy and one of the most liberal nations within the GCC since the country gained independence in 1961. Economically, the country also has a bright future, with strong public finances, a young and well-educated population and vast oil deposits.

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