GCC retail industry sales to jump at a CAGR of 4.6% to US$386.9 billion in 2028 from US$309.6 billion in 2023 – revealed at Middle East Retail Forum 2024

Taking on the theme of “The Power of Next”, the Middle East Retail Forum 2024 coalesced entrepreneurs, professionals, innovators, and thinkers to forecast the future of retail in the GCC.

Date: Dubai, UAE; September 30, 2024

The retail industry in the GCC is projected to boom at a compound annual growth rate (CAGR) of 4.6 percent to US$396.9 billion in 2028 from US$309.6 billion in 2023, according to the GCC Retail Industry report by Alpen Capital revealed at the 13^th edition of the Middle East Forum (MRF) on September 26, 2024, at JW Marriott Hotel Marina, Dubai. The industry leaders at the forum highlighted the potential of the thriving market, exploring factors and trends that will pump more investment into the region.

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