Despite a significantly smaller consumer base than in neighbouring India, the retail sector in Sri Lanka has recorded formidable growth in recent years. This is the result of strong macroeconomic fundamentals, rising incomes, high levels of household expenditure and shifting consumer trends. Retail space in shopping malls is in critically...
Online shopping is expected to drive retail growth in Dubai in the coming years, though migration toward e-payment remains a stumbling block for some consumers.
Buoyed by its powerhouse apparel, tea, coconut, rubber and gemstone segments, Sri Lanka’s industrial sector has recorded significant expansion in export volumes and earnings in recent years. Although rubber and tea have been affected by falling global commodities prices and volatility in key export markets, rising demand for value-added products, a specialty of the sector, is expected to...
Sri Lanka’s investment environment is set to become more balanced, transparent and predictable, with the elections of 2015 largely heralded as a win for inclusive governance, providing a fresh five-year mandate for an administration committed to economic revolution. As the country looks to broaden its investor base, it is hoped that policy changes and plans brought in by the new government will attract the added investment needed to help the country reach its growth goals.
What have been some of the key enablers that have driven the retail sector? KHOORY: Abu Dhabi’s retail sector has experienced tremendous growth over the past few years, primarily as a result of increased visitor numbers and stable economic development spurred by government investment, which has also resulted in increased employment...
Investing large sums in recent years to both entice locals to spend their hard-earned cash closer to home and to capture higher proportions of tourist dollars, Abu Dhabi’s retail strategy appears to be paying off. Strong expansion in the emirate’s high-quality retail stock with a focus on added entertainment and food and beverage (F&B)...
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