Alpha Nero, one of the fastest-growing design and shop fit-out manufacturing companies in the Middle East, reveals its forecasts for the Middle East’s luxury retail sector over the next decade. The company receives increasing demand from the world’s top luxury brands as more shopping malls and touristic destinations are set to open in the upcoming years.
The UAE has become the world’s destination of choice for millionaires and high-net-worth individuals, according to recent financial reports. By the end of 2022, the UAE is expected to receive more than 4,000 millionaires coming from around the globe for investment opportunities and quality of living.
Simon Hacker, founder and managing partner of Alpha Nero, stated, “the GCC is emerging as the world’s top tourist and financial hub, and the region is already hosting the largest international events such as EXPO 2020, FIFA World Cup 2022 and the World Government Summit. We are witnessing an increasing demand from luxury brands to expand their presence as the number of visitors to the region will grow at a steady pace over the next decade.”
Innovative shopping experiences
The retail industry including luxury brands is among the most innovative business sectors. Over the last few years, the industry has introduced automation, artificial intelligence, augmented reality, big data and sustainability. These technologies have impacted our shopping experience positively with more convenience.
Simon Hacker, revealed, “we tend to think of online shopping when speaking of innovation, and that is not true. The amount of innovation we utilize to make the in-person shopping experience unforgettable is extensive, and it is rapidly evolving. World-top luxury brands pursue innovative and green solutions to revolutionize the shopping experience of their clients.”
With global climate change affecting the lives of billions, retail brands quest after green solutions to curb their carbon footprint.
“We believe that the future of business is with carbon-neutral operations, and we are supporting our partners to achieve this goal. We work closely with our partners and suppliers to effectively introduce new environment-friendly execution methods. We have come a long way with recyclable materials and low energy consumption LEDs.” Mr Hacker insisted.
Established in 2014 with 8 employees, the company has successfully expanded its operations to over 45 countries boasting one of the largest portfolios of luxury brands in the industry. The company portfolio includes brands such as Armani, Dior, Dolce & Gabbana, Elie Saab, Gucci, Tag Heuer and many more.