Browse related articlesStrong Mideast retail market can withstand global slowdown
Tuesday, February 05 - 2008 at 06:48
Retail sales in the Middle East are strong enough to withstand a US-led global economic downturn, acording to Naomi Koningen, Project Manager of Retail City 2008. She said the Middle East retail sector is estimated to be worth in excess of $100bn annually, second only to residential property in the non-oil economy. A potential US recession would have an impact, she added, but one which the GCC economies can cope with, reported Gulf News.
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Jeff Florian, Senior ReporterTuesday, February 05 - 2008 at 06:48 UAE local time (GMT+4)
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