Consumer confidence in Dubai’s retail sector remains strong

Thursday, 31 March 2016 16:38

Strong domestic spending is helping stimulate Dubai’s retail sector, according to the Department of Tourism and Commerce Marketing. It says consumer confidence remains strong, while attractive discounts and greater options are helping maintain a robust footfall at shopping outlets. The success of several big-ticket annual events like the Dubai Shopping Festival (DSF) has also prompted the authority to launch new platforms linking consumers with high-end retailers. Saeed Al Falasi, Executive Director at the Dubai Festivals and Retail Establishment says these initiatives are major contributors to the local economy.

Listen

More from Business

UAE advances agentic AI project targeting 50% of government operations

The UAE has launched the strategic phase of its agentic AI project, which aims to convert 50 per cent of federal government operations, services and tasks to AI-driven models within two years.
Dubai Business Forum – China to be held in Shenzhen in October

Dubai Chambers will host the Dubai Business Forum – China in Shenzhen on October 14, bringing together government officials, business leaders and investors from the two markets.
UAE-BRICS non-oil trade tops $312 billion

UAE Minister of Foreign Trade Dr Thani bin Ahmed Al Zeyoudi has taken part in a meeting of BRICS trade ministers in Jaipur, India, focused on strengthening trade and economic cooperation between member countries.
ADNOC affirms commitment to meeting customer requirements despite challenges

ADNOC says it remains focused on meeting customer needs despite challenging circumstances, following unprovoked attacks targeting its people and assets.