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 household spending forecast to increase by an average of...
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With the fall in oil prices underlining the dangers of an over reliance on hydrocarbons revenues, Qatar has continued to forge ahead with its economic diversification drive in 2016. Non-hydrocarbons growth now outstrips hydrocarbons growth, with several big-ticket construction projects, an increasingly dynamic financial services sector and a growing reputation as a tourist destination all fuelling non-oil expansion.
A rising number of tourists combined with steady job growth is driving demand in Bahrain’s retail sector and spurring the development of a number of new retail centres.
The arrival of new supermarket chains in Kenya highlights the potential of the country’s retail sector, though a congested project pipeline – concentrated largely in Nairobi – could result in a slowdown in retail rentals in the medium term.
Rising consumer confidence combined with the new administration’s plans to open up the economy look set to underpin strong demand and growth in the Philippines’ retail sector.
Interviews & Viewpoints | Gary Brown, CEO, 7-Eleven Malaysia: Interview from The Report: Malaysia 2016
How can retailers take advantage of new technologies to both increase business efficiency and enhance customer experience?