As average incomes expand along with Morocco’s middle class, the retail sector is seeing a rising number of opportunities for development. Shopping malls have become the norm in the kingdom’s major cities, and while less-formal commerce still accounts for a large proportion of sales, the movement towards modern retail is underpinned by stable economic fundamentals that are expected to continue...
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Morocco has long been recognised as one of the most advanced nations in Africa due to its strategic location and sizeable diaspora community, as well as its well-developed manufacturing sector, mining industry and agricultural output.
The effects of lower oil prices continue to be felt in Oman, with budget cuts and spending rationalisation still in evidence across the board. However, higher commodity prices in late 2017 and into early 2018 should provide a welcome boost to state revenues.
Analysts expect consumers in Dubai to take a more cautious approach to spending after the implementation of the new value-added tax (VAT) on January 1.
Articles & Analysis | New retail offerings to reinforce Dubai's reputation as a leading shopping destination from The Report: Dubai 2018
Cranes and skyscrapers are a familiar site on the horizon, but Dubai is soon to become home to a 210-metretall Ferris wheel, the Ain Dubai. Set to be the largest in the world upon completion, the wheel will act as the centrepiece of the Bluewaters Island project, a mixed-use development being built on reclaimed land by the government-backed...
Articles & Analysis | Dubai's international visitors to increase retail spending from The Report: Dubai 2018
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.