Middle East Retail Sector Analysis (2007-2010)

Publication Date	August 2008
Publisher	RNCOS
Product Type	Report
Pages	70
ISBN Number	not applicable
Product Code	RCS00186

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Summary

The retail sector in the Middle East region is growing rapidly. The increasing household consumption, affluent population, and booming services industry (tourism, banking and trading sectors) are propelling growth of the region's retail industry. Also, the modern shopping malls anchoring state-of-the-art hypermarkets and various shopping events like Dubai Shopping Festival, makes the region a highly profitable destination for retail players, says "Middle East Retail Sector Analysis (2007-2010)", the latest research report by RNCOS.

The report provides extensive research and rational analysis on the retail industry of the Middle East. It provides country-level analysis of the retail industry scenario in the Middle East. The report prudently evaluates various aspects of the industry and underlines the key issues related to the industry. The research report helps clients to analyze the opportunities and factors critical to the success of the retail industry in the Middle East.

Middle Eastern countries examined in this report include those of the Gulf Co-operation Council (GCC), the United Arab Emirates (UAE), Saudi Arabia, Kuwait, Oman and other countries that are part of the Middle East, like Turkey, Egypt, Jordan, Israel, and Iran.

Key Findings

Increasing population and growing economy will remain one of the major key drivers for the growth of retail industry in the Middle East Region.
Per capita consumption of cosmetics and fragrances in the Gulf region is one of the highest in the world.
Large availability of retail space in the Middle East makes the region all the more attractive for industry players. Dubai is alone expected to see a growth of over 263% in Gross Leasable Area by 2010 from 2006.
Various shopping events like Dubai (Dubai Summer Surprises and Dubai Shopping Festival) and Dubai Duty Free (DDF) is the major contributor in the UAE's retail industry, with retail sales in DDF accounting for more than 9% of total retail sales in the UAE.
The trend of shopping at modern retail formats is growing in Middle East.
Preference for international brands among consumers in the Middle East is increasing.
Prevalence of lifestyle-related diseases offers opportunities for dietetic and health foods.

Key Issues & Facts

What is the market size and scope of the retail industry in Middle East?
What is the segment-wise size of market and what are its growth prospects?
What are the emerging trends there?
Which factors are driving growth in this sector?
What and where are the growth prospects and issues related to the industry?
What are the opportunities and challenges faced by retailers in Middle East?
Who are the major players in the Middle East retail industry?

Key Players

This section covers the key facts about players currently operating in the Middle East retail industry, including Carrefour, EMKE Group, Blue Square Israel Ltd., Sultan Center etc.

Research Methodology

Information Sources

Information has been sourced from books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.

Analysis Method

The analysis methods include ratio analysis, historical trend analysis, linear regression analysis using software tools, judgmental forecasting, and cause and effect analysis.

Content

1. Analyst View
2. Why Middle East is an Attractive Destination for Retailing?
- 2.1 Tourist Arrival
- 2.2 Economic Growth
- 2.3 Dubai Duty Free
- 2.4 Retail Space & Real Estate Activities
- 2.5 Expatriate Population
- 2.6 Consumer Electronics Market
- 2.7 Living Standard
- 2.8 Cosmetics & Fragrances Consumption
3. Middle East Retail Market
- 3.1 UAE
- 3.2 Saudi Arabia
- 3.3 Kuwait
- 3.4 Oman
- 3.5 Iran
- 3.6 Israel
- 3.7 Jordan
- 3.8 Turkey
- 3.9 Egypt
4. Growth Prospects
- 4.1 Franchising Operations
- 4.2 Textile Industry
- 4.3 Retail Space
- 4.4 Export Opportunities for Food Sector
- 4.5 Dietetic & Health Food
5. Growth Hurdles
- 5.1 Inflation
- 5.2 Regional, Ethical & Religious Issues
- 5.3 Cultural Differences
- 5.4 Sustaining Competitive Edge
- 5.5 Tourism Retail
6. Future Outlook (2008-2010)
7. Key Players
- 7.1 Carrefour
- 7.2 EMKE Group
- 7.3 Savola Group Company
- 7.4 Blue Square Israel Ltd.
- 7.5 Shufersal Ltd.
- 7.6 Sultan Center
List of Figures:
- Figure 2-1: Middle East & Africa - Number of International Tourist Arrival (in Million), 2003-2007E
- Figure 2-2: Middle East - GDP Growth at Constant Price (%), 2005-2007E
- Figure 2-3: Dubai - Retail Sales during DDF (in Million US$), 2006 & 2007
- Figure 2-4: GCC - National & Foreign Population (%), 2006
- Figure 2-5: Turkey - Per Head Disposable Income (in US$), 2003-2007E
- Figure 2-6: UAE - Cosmetics & Personal Care Products Market (in Billion Dh), 2005 & 2006
- Figure 3-1: Middle East - Retail Market* (in Billion US$), 2003-2007E
- Figure 3-2: GCC - Retail Space (in Million Sq Meter), 2007E & 2016F
- Figure 3-3: UAE - Forecast for Retail Market (in Billion US$), 2008-2011
- Figure 3-4: Dubai - Share of Organized Retail in GCC Retail Market (%), 2006
- Figure 3-5: Dubai - Gross Leasable Area (in Million Sq Meter), 2006 & 2010F
- Figure 3-6: Dubai - Number of Malls (2005 & 2008F)
- Figure 3-7: Dubai - Share of Tourism Industry in Retail Sales (%), 2006 & 2010F
- Figure 3-8: Saudi Arabia - Retail Market (in Billion US$), 2003-2007E
- Figure 3-9: Saudi Arabia - Forecast for Retail Market (in Billion US$), 2008-2012
- Figure 3-10: Saudi Arabia - Share of Food & Non-food Retail Sales (%), 2007E
- Figure 3-11: Saudi Arabia - Forecast for Apparel Retail Sales (in Billion US$), 2008-2012
- Figure 3-12: Saudi Arabia - Branded Apparel Retail Sales (in Billion US$), 2000 & 2005
- Figure 3-13: Kuwait - Retail Market by Format (%), 2006
- Figure 3-14: Iran - Retail Market (in Billion US$), 2003-2007E
- Figure 3-15: Israel - Retail Market (in Billion US$), 2003-2007E
- Figure 3-16: Israel - Food & Beverages Export (in Million US$), 2006 & 2007
- Figure 3-17: Israel - Share of Food & Non-food Retail Sales (%), 2007E
- Figure 3-18: Israel - Per Head Personal Disposable Income (in US$), 2003-2007E
- Figure 3-19: Jordan - Forecast for Household Consumption (in Million US$), 2008-2011
- Figure 3-20: Turkey - Retail Market (in Billion US$), 2003-2007E
- Figure 3-21: Turkey - Number of Retail Outlets by Format (2001-2005)
- Figure 3-22: Turkey - Number of Traditional Food Retailers (2001-2005)
- Figure 3-23: Turkey - Forecast for Share of Organized & Unorganized Retail (%), 2010
- Figure 3-24: Egypt - Retail Market (in Billion US$), 2003-2007
- Figure 3-25: Egypt - Per Head GDP (in US$), 2003-2007E
- Figure 3-26: Egypt - Consumer Durable Retail Sales* (in '000 Units), 2003-2007
- Figure 3-27: Egypt - Forecast for Consumer Durable Retail Sales (in '000 Units), 2008-2012
- Figure 4-1: Dubai & Abu Dhabi - Gross Leasable Area (in Million Sq Meter), 2006 & 2010F
- Figure 5-1: Middle East - Growth in Consumer Price Inflation (%), 2006 & 2007
- Figure 6-1: Middle East - Forecast for Retail Market* (in Billion US$), 2008-2010
- Figure 6-2: Middle East & Africa - Forecast for International Tourist Arrival (in Million), 2008-2010
- Figure 6-3: GCC - Forecast for Franchise Market (in Billion US$), 2008-2010
- Figure 6-4: GCC - Gross Leasable Area (in Million Sq Meter), 2000 & 2010F
- Figure 6-5: GCC - Forecast for Retail Gross Leasable Area by Country (%), 2010
List of Tables:
- Table 3-1: Middle East - Retail Outlets by Format & Location
- Table 3-2: Middle East & Africa - Retail Banner Sales of Top 20 Retailers (in Million US$), 2006E
- Table 3-3: UAE - Number of Retail Outlets by Format (2003* & 2006E)
- Table 3-4: UAE - Overview of Supermarket Groups
- Table 3-5: UAE - Opportunities & Challenges for Retail Market
- Table 3-6: Saudi Arabia - Overview of Retail Chains
- Table 3-7: Saudi Arabia - Opportunities & Challenges for Retail Market
- Table 4-1: Middle East - Diabetes Prevalence (%), 2007* & 2025F
- Table 7-1: Carrefour - Key Financials (in Million Euro), 2006 & 2007
- Table 7-2: Savola Group Company - Key Financials (in Million SR), 2006 & 2007
- Table 7-3: Blue Square Israel Ltd. - Key Financials (in Million NIS), 2006 & 2007*
- Table 7-4: Shufersal Ltd. - Key Financials (in Million NIS), 2006 & 2007
- Table 7-5: Sultan Center - Key Financials (in '000 KD), 2005 & 2006