In light of Dubai’s status as a leading global retail destination, the Dubai Chamber of Commerce and Industry will be taking a delegation to participate in the 9th World Retail Congress being held in Rome from September 8 to 10.
The Chamber sees this participation as a fantastic opportunity for the emirate to showcase what it has to offer to leading global retail leaders, businesses and leisure tourists.
The 9th edition of the Congress being held in Rome under the theme, Retail Transformation today, tomorrow and beyond, will be attended by hundreds of leading global retail executives, who will share new thinking, latest innovations, and debate the challenges and opportunities facing the future of the retail industry.
Since its inception in 2007, the World Retail Congress has grown quickly to become an important event for retailers across the region and all international retailers globally. The 2014 edition of the Congress held in Paris, attracted over 1,300 senior retail leaders and industry experts from 73 countries including major UAE retailers such as Majid Al Futtaim, Landmark Group, Al Futtaim Group, Jumbo Electronics, Aswaaq.com, Apparel Group and many more.
H.E. Majid Saif Al Ghurair, Chairman, Dubai Chamber, said: “The retail sector is an important driver of economic growth for the emirate which offers some of the world’s best quality retail stock, created to cater to the various consumer segments that make up Dubai’s vibrant retail scene while helping to attract thousands of tourists from around the world, particularly high-spending GCC and Chinese tourists every year.
“The retailing market in the UAE was estimated to be worth AED120.8billion in 2014 as the outlook for the retail sector remains bright with strong growth expected on the back of a robust economic backdrop,” he said.
The Chairman of Dubai Chamber further added: that “Dubai’s retail sector has witnessed remarkable rise in the past years and has made the emirate one of the world’s leading shopping destinations. The emirate’s retail sector is directly supported by its geographic location as a hub for the movement of passengers and freight transiting between the East and West.”
“Also, Dubai being a much-favoured retail destination by well-known global brands and the emirate’s world-class shopping malls add to its appeal as a popular global shopping destination,” he said.
H.E. Hamad Buamim, President and CEO, Dubai Chamber, said: “We look forward to our participation in the 9th World Retail Congress along with Dubai’s business leaders, especially members of the Retail Business Group which operates under the umbrella of Dubai Chamber as we are in the final stages of hosting the 10th landmark event in the emirate next year.”
“Dubai is known for hosting major global events, exhibitions and conferences and our preparations to host the Congress in Dubai is part of our strategic objectives of creating a favourable business environment, supporting the development of business and promoting Dubai as an international business hub,” he added.
“Also today, the emirate has become the world’s gateway to numerous emerging markets due to its world-class infrastructure, state-of-the-art business facilities and the strategic vision of its leaders,” he said.
The President and CEO of Dubai Chamber added, “The Chamber delegation will leave no stone unturned in highlighting the competitiveness and potential of Dubai businesses, especially from the retail sector, comprising of multinational investors thriving and expanding their business in the UAE and across the region while also reaching out to Southeast Asia, China and Africa.”
Ian McGarrigle, Chairman, World Retail Congress said: “The World Retail Congress is delighted to be working in close partnership with the Dubai Chamber in the build-up to the 10th annual Congress which will be held in Dubai in April next year. We look forward to welcoming the Dubai Chamber delegation to the 2015 Congress which is taking place in Rome where senior retail leaders from the Emirate will be participating in the important discussions on the key issues and opportunities facing the retail industry.”
The three-day World Chamber’s Congress is interspersed with the World Retail Hall of Fame, the Future Retail Challenge and the Congress Closing Party which promotes networking among the global retailers attending the Congress and felicitating them at the World Retail Congress Awards.