The Conference on the Business of Luxury in the Middle East at Mediaquest Corp.
With more than 350 million inhabitants, important natural resources and a growth rate exceeding four percent, the Middle East region is fast becoming one of the brightest markets in the world.
The region’s healthy luxury sector, estimated to be worth between $6 billion and $10 billion, has recorded a CAGR of 11 percent in the past five years and should maintain growth of eight percent over the next three years.
Thanks to a young population, with 50 percent aged 30 years and below, the Middle East is also home to 500,000 high-net-worth-individuals, with assets exceeding $1.8 trillion.
This boom has been fueled by the region’s economic growth and heavy investments made on retail space, increasing by more than 145 percent in gross leasable area.
The local population’s average monthly spend on fashion is $1,300, which is ten-fold the average spend in some European countries.
The luxury market has a bright future, but there remain challenges and issues to address.
To discuss the opportunities and challenges, Mediaquest is organizing a conference on the business of luxury in the Middle East.
Arab Luxury World will take place on June 2 and June 3, 2014, in Dubai.
Company Details
- Address
- 206, Zee Tower,dubai Media City,united Arab Emirates
- Industry
- Retail Luxury Goods And Jewelry
- NAICS
-
Jewelry, Luggage, and Leather Goods StoresJewelry StoresLuggage and Leather Goods Stores
- Website
- http://www.arabluxuryworld.com
- Keywords
- Silicon Oasis.
- HQ
- Dubai, Dubai
- Competitors
- First International Conference Sustainable Development and Human Security in the Arab World, Arab World - Ribeirao Preto, Miss Arab World Competition, Made in Arab world, World Literacy Foundation Arab Ambassadors, Redstone Arab World, Luxuria Lifestyle Switzerland, Arab World Consortium, Arab World Newspapers, Arab Business World Corporation.
Arab Luxury World Questions
Arab Luxury World's website is http://www.arabluxuryworld.com
Arab Luxury World's LinkedIn profile is https://ae.linkedin.com/company/arab-luxury-world
Arab Luxury World's industry is
Retail Luxury Goods and Jewelry
Arab Luxury World's top competitors are
First International Conference Sustainable Development And Human Security In The Arab World,
Arab World - Ribeirao Preto,
Miss Arab World Competition,
Made In Arab World,
World Literacy Foundation Arab Ambassadors,
Redstone Arab World,
Luxuria Lifestyle Switzerland,
Arab World Consortium,
Arab World Newspapers,
Arab Business World Corporation.
Arab Luxury World's categories are Retail Luxury Goods and Jewelry
