1、 Page|1 GCC Retail Industry|November 15,2022 Page|2 GCC Retail Industry|November 15,2022 Table of Contents 1.EXECUTIVE SUMMARY.6 1.1 Scope of the Report.6 1.2 Industry Outlook.6 1.3 Key Growth Drivers.6 1.4 Key Challenges.7 1.5 Key Trends.7 2.THE GCC RETAIL INDUSTRY OVERVIEW.8 2.1 Country-wise Retai
2、l Market Overview.10 2.2 E-Commerce Industry Overview.23 2.3 Supermarket/Hypermarket Overview.26 2.4 Luxury Retail Market Overview.28 2.5 Airport Retail Market Overview.29 3.THE GCC RETAIL INDUSTRY OUTLOOK.32 3.1 Forecasting Methodology.32 3.2 Demand-side Estimates.33 3.3 Supply-side Estimates.37 4.
3、GROWTH DRIVERS.39 5.CHALLENGES.47 6.TRENDS.52 7.MERGER AND ACQUISITION(M&A)ACTIVITIES.55 COUNTRY PROFILES.57 COMPANY PROFILES.64 Page|3 GCC Retail Industry|November 15,2022“The GCC Retail Industry has seen very strong results post the COVID-19 pandemic and the long-term outlook remains very positive
4、.The launch of massive projects across the region,growth of tourism with major events like Expo2020 and FIFA 2022,the visa reforms leading to attracting new talent and investor base have all been very good for the retail industry.COVID-19 pandemic had severe impact on the retail industry with lockdo
5、wns ranging upto 4-6 months in certain markets.However,it was a great opportunity to acquire market share and grow our portfolio and we have opened over 500 stores in the year 2021-22.We also had the advantage of our strong digital presence with 6thS which helped us to cater to our loyal consumer ba
6、se across the region.The biggest challenge facing the retail industry is the global headwinds of inflation,supply chain challenges but with all the other positive regional factors,we feel the impact will be much lesser in the region.Apparel Group,on the other hand,continues to invest in its digital