UAE tops regional retail league table

15/03/2010 - Dubai Investment News
UAE tops regional retail league table

Posted by Neil King

The UAE has come top of a retail league table for the Middle East and Africa.

A new study, carried out by Business Monitor International and released by the Dubai Chamber of Commerce and Industry, found that the UAE's strong wealth position and high consumer spending had allowed it to outperform its regional peers.

Scores ranged from the UAE's 57.5 out of a possible 100, to Bahrain's 43.5 at the bottom in the league table.

The chamber noted that despite the economic slowdown, shopping malls continued to expand in the UAE last year.

In the first half of 2009, three main shopping malls opened in Dubai, namely, Dubai Mall, the Arabian Centre and Dubai Marina Mall. In addition, in Abu Dhabi, at least six shopping malls are scheduled to open by 2012.

Last week, it was reported that Dubai Mall, the world's largest shopping and entertainment destination, welcomed a record five million visitors during the recent one-month Dubai Shopping Festival.