Dubai Local Time

Expo 2020 may position Dubai as best retail city in th world

Successful Expo 2020 bid may position the Dubai as the top retail city in the world, said Head of Dubai Festivals and Retail Establishment (DFRE).


The DFRE CEO, Laila Suhail said that Expo 2020 will attract scores of new retailers. DFRE will now work closely with its partners from the private sector and other Government bodies, to develop more retail festival concepts that add to experience of millions of visitors attending the Expo, said Suhail.


Dubaiís history in trade makes it a model city in the Middle East and North Africa (MENA) region, when developing own retail infrastructure. When looking back it is discovered that the culture of trade and shopping dates back to 1894, when the leaders in the emirate declared the city as a tax-free port, she said.


Later on, events such as the Dubai Shopping Festival (DSF) have played a lead role in stimulating the retail sector in the UAE. When DSF was launched in 1996, there were only five major shopping centres, but today, there are more than 70 shopping malls, and 40,000 or more outlets in these malls, with souks further catering to visitorís varied shopping tastes, Suhail pointed out.


Dubai was in the fourth best attractive market globally for first time retailers last year, following Hong Kong, Kiev and Berlin.


Posted on 2/12/2013


Share This Page


blog comments powered by Disqus

Recent Articles

With Schengen waiver, Europe grows to be best holiday destination for Emiratis

Dubai World Trade Centre transformed into a free zone

Online visa facility introduced in UAE for GCC expats

Ministry announces official paid-holiday for Dubai private sector on 16th May 2015

Airport Show concludes successfully in Dubai

Dubai RTA reveals timeline for Dubai Metro Route 2020 project

Dubai schools to announce Ramadan timings in summer

Electric Night Run to be held in Nov 2015

Dubai targets 13million annual tourists by the year 2020

Dubai tops regional destinations for maximum millionaires

 

Share This Page





Top