Kuwait Ranks Every Moment I Of The World's Tiptop Fifteen Retail Destinations

Dubai has been ranked quaternary with the overstep cities worldwide for retailing with other Gulf markets are also making their grade on the global shopping map, according to JLL’s Destination Retail report.

While the listing is dominated past times cities inward Asia Pacific, those inward the Middle East are coming on strong, propelled past times an ever-increasing array of international retailers, the study said.

One-third of the overstep fifteen global retail cities are located inward the Middle East, with Dubai placed fourth, State of Kuwait City finishing inside the overstep ten at nine, Abu Dhabi at xi in addition to Jeddah in addition to Riyadh tied for 12.

Dubai’s history of ‘shopping tourism’, which has included hosting the world-renowned Dubai Shopping Festival for over ii decades, has seen the emirate choke a hub for major retail brands. It also has 1 of the highest levels of retail flooring infinite per capita globally, JLL said.

It added that GCC markets each bring large quantities of affordable retail space, supported past times franchise structures, which acquaint feasible options for international retailers in addition to cut down their operational chance at entry.

Additionally, the domestic retail marketplace inward the Middle East is non every bit mature every bit other regions, allowing international brands to move into without besides much contest from domestic brands. JLL’s study found that pent upwards shopping involve across the portion has spurred unopen to of the highest sales volumes for retailers. Andrew Williamson, caput of retail, MENA for JLL, said: “Retail volition proceed to move a primal pillar of the Dubai economy, in addition to this study shows its strategy of attracting leading international retailers is working.

“As Dubai looks to welcome twenty meg visitors past times 2020, retail volition play a crucial component inward drawing inward visitors from all over the globe. The urban heart has an impressive history which is unmatched inward the portion when it comes to retail. And its seat globally tin solely move enhanced given the high character retail infinite on offering to the world’s best-known in addition to well-nigh loved brands.” In a battle betwixt historic, established markets versus modern newcomers, JLL said London stands at the fore front end of international retailing spell Asia Pacific outranked all regions with xviii cities making the cutting driven past times sheer marketplace size.

The study said cities inward the United States of America of America build upwards only over one-quarter (26.4 percent) of the overstep fifty cities, with solely 1 urban heart (New York) inward the overstep 15. JLL’s study examined the presence of 240 international retail brands in addition to 140 international cities, including the drivers of their growth, chance in addition to barriers, in addition to also ranked in addition to assessed the vitality in addition to attractiveness of cities.

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