Middle East Retail Sector Analysis (2007-2010)

Published by: RNCOS

Published: May. 1, 2008 - 70 Pages

Table of Contents

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

Abstract

• 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.

• 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?

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