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    Local, Italian companies partner up to establish food retail chain in Egypt

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    Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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    Azerbaijan, Iraq discuss prospects of relations

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    Oman inks pack to bolster role of SMEs in food systems

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          Ministry signs agreement to support Oman’s honey industry

          Local, Italian companies partner up to establish food retail chain in Egypt

          Local, Italian companies partner up to establish food retail chain in Egypt

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Azerbaijan, Iraq discuss prospects of relations

          Azerbaijan, Iraq discuss prospects of relations

          Oman inks pack to bolster role of SMEs in food systems

          Oman inks pack to bolster role of SMEs in food systems

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          MAFWR, Port of Duqm sign MoU

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            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Turkey eyes $5bn bilateral trade with Qatar

            Turkey eyes $5bn bilateral trade with Qatar

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            Iraq set to award new Faw Port deals

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Local, Italian companies partner up to establish food retail chain in Egypt

            Local, Italian companies partner up to establish food retail chain in Egypt

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            Madayn working on major Oman industrial city projects

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Miral’s premier Abu Dhabi waterfront project work on track

            Miral’s premier Abu Dhabi waterfront project work on track

            Aecom wins Neom utilities infrastructure design contract

            Aecom wins Neom utilities infrastructure design contract

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              Investments in renewables in Egypt reach LE6 bn: Official

              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              JGC lands $3.7bn Iraq refinery upgradation project deal

              JGC lands $3.7bn Iraq refinery upgradation project deal

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              France to help Iraq generate electricity, will invest in education, science: Macron

              France to help Iraq generate electricity, will invest in education, science: Macron

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              Acwa Power inks finance deals for 900MW Dubai solar park

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                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                Coronavirus: UAE conducting human trials for Covid-19 vaccine

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                GSK to develop plant-based COVID-19 vaccine with Canada’s Medicago

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                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

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                UAE sends medical aid to Iraq to fight COVID-19

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                UAE launches phase III trial of inactivated Covid vaccine

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                COVID-19 vaccine could be available by autumn: Oxford University

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                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

                Qatar’s hospitality sector peaks despite turbulent 2020

                Qatar’s hospitality sector peaks despite turbulent 2020

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Staycations to stimulate Qatar’s hospitality sector

                Staycations to stimulate Qatar’s hospitality sector

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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              Dubai leads region in shopping mall space

              Gulf News

              November 26, 2013
              in Business
              0

              With its shopping scene dominated by mega malls and shopping complexes, Dubai easily takes the cake as the region’s leading retail destination.
               
              A new Colliers International report released this week showed that Dubai has more shopping space per person than any other market in the region, with its supply topping 2.5 million square meters of gross leasable area (GLA), the highest among major markets. Dubai’s retail space has recently expanded by 2 per cent from last year, following the opening of City Walk and the expansion of Al Ghurair Centre.

              Colliers’ report looks at the key undercurrents shaping the retail markets within the Middle East and North Africa (Mena) region, and provides a quick look at seven major cities that are considered “the most active and promising”.

              Based on the report, Dubai’s close competitor in terms of shopping space is Riyadh in Saudi Arabia, which has an estimated GLA amounting to 1.5 million square meters. Following closely behind is Jeddah, with 1.1 million square meters.

              Abu Dhabi, another major contender in the shopping scene, came fourth on the list, with 921,400 square meters. Cairo, which has 861,000 square meters of floor space for rent to retailers, came fifth, followed by Doha (620,000) and Muscat (131,084).

              Global property adviser CBRE earlier this year ranked Dubai as the second most important destination for retailers in the world, with London occupying the top spot. The report also named Dubai as the fourth “hottest” retail market in the world.

              According to Colliers, the shopping mall space in Dubai will expand further by 369,000 square meters by the end of 2015, provided that the projects in the pipeline, such as The Pointe at Palm Jumeirah Cresent, The Beach at Jumeirah Beach Residence, and the expansion of Dubai Mall, will be completed as planned.

              However, while the retail scene looks buoyant, there appears to be an oversupply of shopping space, if only the size of the population is taken into account. Dubai’s shopping space currently stands at 1.35 square meters per person, compared to 0.97 in Doha or 0.77 in Abu Dhabi.

              Stuart Gissing, Colliers International regional director for the Middle East, explained that the oversupply is based on “normal benchmarking” and it shows only when the retail per capita is considered.

              “This doesn’t take into consideration the touristic numbers that would be needed to show a more overall picture of the retail landscape and its continued success. When used, Dubai remains very buoyant and there would be further room for growth,” Gissing told Gulf News.

              “Dubai has one of the highest representations of retail products globally and this can only be a good thing in our opinion. Wider brand presence offers a wider customer appeal,” he added.

              Dubai has been attracting a growing number of tourists every year. In the first half of 2013 alone, about 5.5 million travellers visited the emirate, an increase of 11.1 per cent from a year ago, according to figures collated by Dubai’s Department of Tourism and Commerce Marketing (DTCM).
              Gulf News
              26 November

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