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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

The GCC's retail market is set to grow by 15%.
The GCC's retail market is set to grow by 15%.

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.

 

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Construction Week - Issue 740
May 02, 2019