{"id":53803,"date":"2016-04-11T18:00:00","date_gmt":"2016-04-11T20:00:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/retails-revenues-to-reach-usd-54-bn-in-the-uae\/"},"modified":"2019-06-30T12:53:47","modified_gmt":"2019-06-30T15:53:47","slug":"retails-revenues-to-reach-usd-54-bn-in-the-uae","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/retails-revenues-to-reach-usd-54-bn-in-the-uae\/","title":{"rendered":"Retail\u2019s revenues to reach USD 54 bn in the UAE"},"content":{"rendered":"<p>S&atilde;o Paulo &ndash; Retail is expected to generate revenues of USD 54.45 billion in the United Arab Emirates in 2017, a 5% growth on average each year. At the same time, general spending by the country&rsquo;s consumers should reach USD 204 billion, with a growth of 4% on average across many categories. The data is from an analysis by the Chamber of Commerce and Industry of Dubai over studies by Euromonitor, ATKearney Research and other sources and was released this Monday (11).<\/p>\n<p>&ldquo;The UAE stands out as one of the leading retail centres in the region. Retail is an important pillar of Dubai&rsquo;s economic diversification strategy, and the Dubai Chamber has launched the analysis on the retail sector as part of its continued efforts to support the business community with the latest statistics and trends to encourage sustained economic growth. The analysis will not only boost the sentiments of the retail sector in the region, but also help raise investor confidence in the market&rdquo;, said Hamad Buamim, president and CEO of the Dubai Chamber of Commerce and Industry in a statement.<\/p>\n<p>The Dubai Chamber points out that retail and wholesale account for more than 11% of the UAE&rsquo;s GDP and around 30% of Dubai&rsquo;s economy. In 2014, retail sales in the Gulf country totaled USD 47.1 billion, a growth of more than 6% over 2013. Meanwhile, consumption in the UAE&rsquo;s households stood at USD 183.2 billion in 2014. Most of consumers&rsquo; spending in the country goes to housing, accounting to 41% of the total.<\/p>\n<p>According to Dubai Chamber&rsquo;s assessment, one of the areas that offer a lot of opportunities in the country is luxury retail. According to the organization, there is an increase in wealthy and ultra-rich consumers, the main potential customers of the luxury segment. <\/p>\n<p>The analysis also points out that the UAE ranked 7th in the 2015 Global Retail Development index (GRDI) last year. The survey ranks the top 30 developing countries for retail investment. The index gives the UAE the second best rating in the Middle East and North Africa regions, behind Qatar, which comes 4th. <\/p>\n<p><strong>*Translated by S&eacute;rgio Kakitani<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-184181\">Aurea Santos\/ANBA<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Forecast for the next year calls for an increase of 5% in the sector. Analysis of Dubai\u2019s Chamber of Commerce and Industry says there are opportunities in luxury retail.<\/p>\n","protected":false},"author":2316,"featured_media":184181,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-53803","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"wps_subtitle":"Forecast for the next year calls for an increase of 5% in the sector. Analysis of Dubai\u2019s Chamber of Commerce and Industry says there are opportunities in luxury retail.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/53803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=53803"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/53803\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/184181"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=53803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=53803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=53803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}