GCC retail outlook for 2017

January 10, 2017 | By Rupkatha B

The year 2016 sprang two surprises globally. The first was Brexit. Even before the world could assess its fallout, Donald Trump scored an unanticipated win in the US presidential election. Uncertainty looms over Eurozone, raising multiple questions that may not have satisfying answers, while unpredictability is the American flavour that could impact the rest of the world…

Lawrence Pinto analyses the various forecasts

For 2017, analysts see retail and food services sales rising 3.7%, slightly lower than in 2016. Most sectors are expected to see as good or better sales growth during the year, though previously strong motor vehicle and restaurant sales may slow down. Trump’s potential tax cuts, combined with predicted wage growth, could see consumer spending getting a boost through 2017.

Closer home, the Gulf Cooperation Council (GCC) countries – Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain and Oman – have been experiencing subdued growth as low oil prices reduce government spending and depress business confidence, the domino effect impacting consumer spending and retail sales across the region.

The full report is available in the January 2017 edition of RetailME



Previous Article Next Article


UAE-based concept grocery retail chain, Grandiose has opened a new supermarket within 

Continue Reading

November 22, 2020 | By RetailME Bureau

US-based fast food chain, Nathan’s famous Inc. brings another New York classic, 

Continue Reading

November 12, 2020 | By RetailME Bureau

Dubai-based Union Coop, the leading Consumer Cooperative in the UAE, opened its 

Continue Reading

November 11, 2020 | By RetailME Bureau

UAE homegrown marketplace, Noon.com has announced its Yellow Friday sale from November 

Continue Reading

November 5, 2020 | By RetailME Bureau

UAE-based Al Maya Group officially launched an exclusive range of Woolworths products 

Continue Reading

October 30, 2020 | By RetailME Bureau

Abu Dhabi headquartered LuLu Group has opened its latest hypermarket at Khalifa 

Continue Reading

October 29, 2020 | By RetailME Bureau

elGrocer, the grocery delivery app with ties to some of the major 

Continue Reading

October 25, 2020 | By RetailME Bureau

Jones the Grocer set to open its doors at Dubai’s newly launched 

Continue Reading

October 18, 2020 | By RetailME Bureau

Saudi-based operators of hypermarkets and supermarkets BinDawood Holding Company has completed the 

Continue Reading

October 16, 2020 | By RetailME Bureau

The regional food and grocery delivery app Talabat has announced the expansion 

Continue Reading

October 15, 2020 | By RetailME Bureau

Walmart is hiring 10,000 new employees in Canada for positions in stores 

Continue Reading

October 14, 2020 | By RetailME Bureau

British quality grocery retailer Waitrose & Partners launched its first e-commerce platform 

Continue Reading

October 11, 2020 | By RetailME Bureau

Download Images RetailME Magazine