Monday, January 26, 2015

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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

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