Fashion Expo Arabia

[2008-12-23 17:00:24]

Fashion Expo Arabia provides a gateway to a wealthy and rapidly developing market. The past years have seen huge expansion in the economies of the Arabian Gulf States fuelled by enormous oil and gas revenues and highly successful moves in to large scale retail, property and tourism ventures
 
Retail space in the Arabian Gulf is growing by over 50% per year is expected to exceed 11 Million square metres by the end of 2010. The United Arab Emirates alone boasts some of the largest shopping malls in the world.
Imports of clothing and fashion related products across the Middle East were estimated at nearly US$11 Billion in 2007 with imports to Arabian Gulf States alone being estimated at over US$5.6 Billion
Abu Dhabi currently boasts the highest GDP in the world at US$46.147. Regional spending on fashion shoes, sport shoes, bags and other leather products in the Arabian Gulf is currently forecasted to be more than US$413 per head per annum. With good weather, high tax free incomes, and young growing populations in the Arabian Gulf consumer spending is amongst the highest per head in world.
With wealthy, young growing fashion conscious populations across the Arabia Gulf the annual growth in retail in this sector is estimated at 12.7%. Clothes and accessory retailing currently accounts for more than 27% of all retail space.
Source: 中华纺织网
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