United Arab Emirates
According to the latest retail report by the UK-based Business Monitor International (BMI), retail sales in the UAE are forecast to grow by 59% by 2013. It estimates retail spending in the country will rise to almost $165bn (Dhs606bn) by 2013 from $103.5bn in 2008. Elsewhere in the Gulf, retails sales are also expected to grow over the same period, with Saudi Arabia up 25%, Bahrain up 11% and Kuwait up 31%.
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