UAE retail sector nears $240 billion
The retail sector in the UAE is experiencing strong growth, with projections indicating it will reach a value of $227.1 billion by 2033 and $237.7 billion by 2034, at an average annual growth rate of over 5%. This growth is supported by factors such as the expansion of tourism, increasing purchasing power, and the development of digital infrastructure, along with rising demand for luxury goods and diverse shopping experiences. Additionally, advanced infrastructure and the country's attractive investment environment help solidify the UAE's position as a regional and global hub in the retail market.
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