The retail sector in Papua New Guinea is coming off perhaps the biggest boom cycle in the country’s history after years of sustained investment in capital-intensive infrastructure and a long run of strong “supercycle” commodity prices, which the government depends upon as a foreign currency earner. While an economic slowdown and its ripple...
Often overshadowed by the extractive industries, Papua New Guinea’s industrial manufacturing, down¬stream processing and value-added sectors in fact serve as the largest formal employer in the country and continue to attract investment despite fiscal challenges presented by the current operating environment. Beyond employment, sustained long-term growth for PNG industry will be crucial for the...
Built-up area: 120,000 sq metres Gross leasable area: 40,000 sq metres Cost: $823.2m Completion: Q3 2016 A luxury destination inspired by an Italian piazza. The focus of the project is on high-end, unique food and beverage outlets ranging from outdoor cafes to fine dining restaurants. It will be supported by exclusive fashion retailers unique...
Given that Qatar’s demography is largely blue-collar workers, is there a big enough consumer base to justify the high-end developments being built?
The combination of high disposable income, a growing population and rising tourist arrivals makes Qatar an attractive market for retailers of all segments. On the back of real GDP growth of 3.7% in 2015, private consumption was expected to have expanded by 9.5% in 2015, according to BMI Research. This surge is projected to continue, with...
With leasable space set to double in just three years, competition for shoppers in Qatar’s retail sector is bound to tighten, necessitating new ways of drawing in customers. Malls are therefore building tailored entertainment and luxury components into their designs, from cinemas to theme parks to canals, in a bid to lure the foot traffic that...
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