UAE retail sales set to grow 32.9pc to $41bn
AL AIN, August 6, 2015
UAE retail sales have been forecast to grow 32.9 per cent to Dh151 billion ($41 billion) this year, according to a recent report by Business Monitor International (BMI).
Khalid Shraim, general manager of Hili Mall, a leading shopping centre in Al Alin, said retail growth in the city has been extremely robust since the beginning of this year, backed by strong competitve offering rolled out across main shopping destinations.
The GCC retal industry continues to maintain positive momentum, driven by key factors such as robust economic growth, rising purchasing power, growing proportion of expatriates, changing consumption patterns and increaseing penetration of international retail players, according to Alpen Capital report.
“We are monitoring trends in Al Ain’s retail sector. Among the factors that have contributed to the vibrant shopping environment are new brands, shopping outlets with easy accessibility, regular entertainment activities and attractive offers,” said Shraim.
The mall has announced the entry of over 13 additional exclusive brands, continuing a strategy of bringing diverse outlets to Al Ain’s retail sector. Moreover, the mall which is accessible through 5 gates has allocated strategic location to outlets specializing in daily shopping items for easy accessibility and quick entry and exit.
“We assist tenants in establishing their businesses, while also ensuring customer relations of the highest standards. We are also a destination for special occasions and holidays. This Eid ul-Fitr, families can expect an astonishing range in shopping and entertainment during the nine-day celebration,” Shraim added.
Hili Mall has been a successful addition to the retail industry in Al Ain, due to an innovative approach that attracts families from around Al Ain as well as the surrounding area.
It is also close to the Hili Rayhaan by Rotana, one of the city’s popular hotels. - TradeArabia News Service
