Dubai – Mubasher: The value of UAE’s retail sector is expected to reach AED 200 billion ($54.45 billion) by 2017, with an average growth of 5% a year, an analysis issued Monday by Dubai Chamber of Commerce and Industry said.
The analysis also forecasted consumer spending to exceed AED 750 billion ($204.19 billion) by the next year.
According to data from research firm Euromonitor International, the UAE’s retail sector saw a 8% rise last year, reaching AED 182.7 billion ($49.74 billion).
