GCC retail industry to 'grow 15.7pc to $296.8bn in 2022'
GCC retail industry will surpass pre-pandemic levels in 2022, register a 15.7% year-on-year growth and reach a revenue of $296.8 billion.
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GCC retail industry will surpass pre-pandemic levels in 2022, register a 15.7% year-on-year growth and reach a revenue of $296.8 billion.
Alpen Capital’s latest retail sector report for the GCC projects the industry to surpass pre-pandemic levels in 2022, registering a 15.7% year-on-year growth and reaching a revenue of $296.8 billion.
Earnings across region to expand 74.8 per cent to $26.3 billion this year, report says
The GCC hospitality industry will return to pre-pandemic levels in 2022, registering a 74.8% year-on-year growth and reaching a revenue of $26.3 billion, said investment banking advisory services provider Alpen Capital in a new report.
GCC hospitality sector’s revenue will return to pre-pandemic levels in 2022 as the industry is witnessing an increase in tourist arrivals after the easing of the global travel restrictions. Mega events like Expo 2020 Dubai, the upcoming FIFA World Cup 2022 and easing of visa regulations are also contributing to industry’s