Released on: October 17, 2008, 1:57 am

Press Release Author: Shushmul Maheshwari

Industry: Retail

Press Release Summary: The retail industry of the Middle East is expected to grow
11.40% by 2010 due to rising availability of retail space, GLA and rise in real
estate activities.

Press Release Body: Our newly launched research report, "Middle East Retail Sector
Analysis (2007-2010)", has anticipated the retail sales in the Middle East region to
surge at a CAGR of 11.40% by 2010.

The report says that rising availability of retail space (despite escalating rental
prices across the region) is one of the prime reasons for high growth in the retail
sales in the region. Rising availability of Gross Leasable Area (GLA) is also
contributing to the growth by attracting retailers from all over the world to expand
their business in the region. Besides, the rate of expansion in GLA is anticipated
to reach between 15% and 20% and the UAE, along with Saudi Arabia, will record the
highest increase in GLA. The countries are expected to contribute 44% and 30% of
total GLA in the region respectively by 2010. Besides, the report says, Dubai will
have two of world's five largest shopping malls by 2008 end, and its GLA will
increase by over 250% by 2010.

Apart from the increasing availability of retail space, increase in real estate
activities is giving diverse options of shopping and entertainment under one roof to
consumers. As a result, consumers are increasingly coming to shopping malls, leading
to high purchasing. Rising number of shopping malls in the region is also
contributing to the growth in retail sector as young consumers are particularly
attracted by organized retailing.

"Middle East Retail Sector Analysis (2007-2010)" offers comprehensive research and
rational analysis on the retail industry of the Middle East. It gives detailed
information on the retail industry of various countries in the region with focus on
every aspect underlining the key issues related to the industry. The report also
helps clients to analyze the opportunities and challenges critical to the success of
the retail industry in the region.

It also provides forecast on apparel retail sales by region, share of organized &
unorganized retail by region, consumer durable retail sales by region and retail GLA
by country.

About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today's globally competitive environment.

For more information visit: http://www.rncos.com/Report/IM518.htm
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