Business | Economy
UAE ranked 8th most international retail market
The UAE has been ranked in eighth position in the "Top 15 Most International Retail Markets", with 41 per cent of international retailers present in the country according to a report by CB Richard Ellis (CBRE).
- By Babu Das Augustine, Banking Editor
- Published: 16:08 April 11, 2008
Dubai: The UAE has been ranked in eighth position in the "Top 15 Most International Retail Markets", with 41 per cent of international retailers present in the country according to a report by CB Richard Ellis (CBRE).
The study which mapped the global footprint of 250 of the world's top retailers and revealed that the UAE is now ranked among the top international retail destinations, ahead of countries such as China, Singapore, Russia, US and the Netherlands.
“Retailing in the UAE has changed beyond recognition in recent years with the emergence of some of the most high profile retail developments anywhere in the world,'' the report observed.
Another recent study by CBRE has found that retailers are looking to the world's emerging markets to drive the success of their businesses in the future.
The report reveals that 40 per cent of retailers expect emerging markets to provide their main source of growth over the next five years, while only a quarter expect to see growth concentrated in their home market.
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