Mega malls to boost GCC retail market to $300bn, says report
Mega malls are boosting the GCC's retail market to nearly $300bn by 2018, driving investment in aluminum ceilings, mall safety and sustainability, according to Ardent Advisory report
Mega malls are boosting the GCC's retail market to nearly $300bn by 2018, driving investment in aluminum ceilings, mall safety and sustainability, according to Ardent Advisory report.
The GCC's retail market is set to grow by 15% from $253bn in 2016 to $290bn by 2018, the report stated. The UAE and Saudi are currently the two largest markets, together accounting for more than 80% share of the total GCC retail sector.
Frans van de Laak, general manager at Hunter Douglas Middle East, said: “GCC mall customers want a more comfortable shopping experience – with relaxing lighting and less noise interference.
"In response to customer demands, GCC retailers are investing in high-performance and light aluminum ceilings, which can provide an enhanced shopping experience, and increase customer dwell time and revenue.”
De Laak said that he is seeing a strong Middle East demand for its recently-expanded line of metal and aluminum ceiling solutions, the Tavola baffle ceiling systems.
He said that he has seen success in installing baffle ceiling projects in GCC mega-projects such as the Burjuman Mall extension and the Al Fattan Crystal Towers in Dubai, and is currently installing the ceilings in the Al Maryah Central mall in Abu Dhabi.