Retail
From The Report: Kuwait 2013
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Kuwait’s mall culture is currently at the forefront of a resilient and growing retail sector that continues to draw the interest of both international brands and foreign investors. The number of shopping centres continues to grow and international brands find opportunities in local markets, with luxury segments showing a strong recovery and growth. The automobile industry has also performed well, with annual growth of 8-9% on the back of solid fundamentals. Recent years have seen the rapid rise of hypermarket retail, representing the sector’s most dynamic vector, with limited familiarity with modern grocery retail formats presents an opportunity for investors.

Articles from this Chapter

Overview

Piazzas of the Gulf: Mall culture is at the forefront of a thriving sector
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For retailers banking on a population with high per-capita spending capacity, Kuwait remains a destination of choice. Catering to an increasingly sophisticated and demanding consumer demographic, Kuwait’s mall culture is currently at the forefront of a resilient and growing retail sector that continues to draw the interest of both international brands and foreign investors. BY THE NUMBERS: From 2008’s high of $54,550, Kuwait’s gross national income per capita dropped to $46,670 in 2012,…

Analysis

A growing trend: Once overlooked, hypermarkets are now rapidly expanding to meet consumer demand
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Over the past two decades, Kuwait welcomed American mall culture, embracing it as a confluence of retail and leisure, yet the country has been slower to take on modern super- and hypermarkets. This is now changing, and Kuwait is seeing the rapid rise of hypermarket retail, representing the sector’s most dynamic vector. COMBINED ANNUAL GAINS: The limited familiarity with modern grocery retail formats presents an opportunity for investors. The GCC region remains largely untapped outside of…