Conduct a research on topic,development of market s in the uae (from traditional to modern markets)
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In 2014, the United Arab Emirates (UAE) grocery market was price US$28.7 billion, representing a rise of one.1% from 2013. The grocery market is classified by a high variety of outlets, with the highest 5 retailers accounting for fourteen.8% of the full grocery market share. The market share is little compared to Western European markets however comparatively high compared to alternative Gulf Cooperation Council markets. (Planet Retail 2015)
The median UAE home financial gain was US$103,757 in 2014, graded 1st among all countries within the world. In terms of grocery defrayment, UAE residents spent US$3,088 per capita, a rise of US$80 from 2013. (Euromonitor 2015)
The UAE's grocery market is Associate in Nursing rising marketplace for foreign importers. Domestically made foods represent twenty five of food product offered at retail stores. several key retailers within the UAE have partnered with foreign corporations to import food product directly. (Planet Retail 2015)
UAE shoppers are rigorous larger convenience and healthier foods, because of their busier way and growing awareness of health problems. Therefore, grocery retailers are adapting their services and product to satisfy these changes in demand.
Due to exposition 2020, the flow of tourists, the $64000 estate boom, and also the high migration of expatriates are leading UAE to be one amongst the foremost developed retail scenes within the Gulf and a promising retail marketplace for grocery retailers and discounters. (Planet Retail 2015)
Ever since UAE got independence from the UK in 1971, it has gone through a radical phase of development as a market.
Over all these years, it has emerged to be one of the biggest economies in the Middle East, with dominating economies being Dubai, Sharjah and Abu Dhabi.
Apart from possessing the 7th largest oil reserve in the world, UAE has also made extensive advancements in the field of tourism, construction, retail, healthcare, environment and energy.