In the Financial Times World Retailing this month, "More circumspect attitude prevails" provides some intriguing highlights into the GCC market place - "Mirdif’s developers, Majid Al Futtaim Properties, insist the Dh3bn ($820m) project makes sense. Like businesses in other sectors, they are betting on recovery in an oil rich region that has a reputation for rampant consumerism and the emergence of a “mall culture” whereby shopping is a primary source of entertainment."
As an example, here is a list of Malls in Dubai with links to the stores in the malls and shopper comments where the mall culture is alive and thriving
If you would like to read this and other articles in the World Retailing, download the complete file here.
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