Retail
From The Report: Qatar 2016
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The combination of high disposable income, a growing population and rising tourist arrivals makes Qatar an attractive market for retailers of all segments. On the back of real GDP growth of 3.7% in 2015, private consumption was expected to have expanded by 9.5% in 2015, according to BMI Research. This surge is projected to continue, with household spending forecast to increase by an average of 15.8% per annum through to 2020. Such momentum largely depends on broader growth in retail trade,…

With leasable space set to double in just three years, competition for shoppers in Qatar’s retail sector is bound to tighten, necessitating new ways of drawing in customers. Malls are therefore building tailored entertainment and luxury components into their designs, from cinemas to theme parks to canals, in a bid to lure the foot traffic that drives sales. “The leisure and entertainment provisions within retail malls are important here because of the climate,” Johnny Archer, associate director…

Built-up area: 120,000 sq metres Gross leasable area: 40,000 sq metres Cost: $823.2m Completion: Q3 2016 A luxury destination inspired by an Italian piazza. The focus of the project is on high-end, unique food and beverage outlets ranging from outdoor cafes to fine dining restaurants. It will be supported by exclusive fashion retailers unique to the property. Built-up area: 256,000 sq metres Gross leasable area: 195,000 sq metres Cost: $406.1m Completion: Q4 2016 Located 15km outside…