{"id":3412,"date":"2018-02-28T08:17:13","date_gmt":"2018-02-28T08:17:13","guid":{"rendered":"http:\/\/middleeastevents.com\/blog\/?p=3412"},"modified":"2018-02-28T08:17:13","modified_gmt":"2018-02-28T08:17:13","slug":"innovation-in-gcc-retail-to-drive-record-high-growth-of-us-313-2-billion-by-2021","status":"publish","type":"post","link":"https:\/\/www.middleeastevents.com\/blog\/innovation-in-gcc-retail-to-drive-record-high-growth-of-us-313-2-billion-by-2021\/","title":{"rendered":"Innovation In GCC Retail To Drive Record High Growth Of US$ 313.2 Billion By 2021"},"content":{"rendered":"<p style=\"font-weight: 400;\">Smart Stores Expo, a trade show devoted to showcasing the latest trends and technologies shaping the future of retail, is back with its second staging slated September 4 \u2013 6 at the Dubai International Exhibition and Convention Centre.\u00a0 Building upon the success of its launch in Abu Dhabi, the event comes at an opportune time given the bright outlook of GCC retail, with technology innovations being cited as a key driver of growth.<\/p>\n<p style=\"font-weight: 400;\">A report by Alpen Capital revealed that the GCC retail sector is forecasted to grow at a record high of US$ 313.2 billion by 2021, driven by an expanding population base, high per capita income, increasing tourist arrivals, and mega international events.\u00a0 Changing consumer preferences, the spread of digital devices and increasing number of people connected over the internet were also found to be propelling the change in the region&#8217;s retail landscape. Moreover, technology innovations and modern store formats with smart interiors were cited as key trends transforming the in-store experience.<\/p>\n<p style=\"font-weight: 400;\">Meanwhile in the UAE, an analysis by the\u00a0Dubai Chamber of Commerce and Industry\u00a0found that the country&#8217;s\u00a0retail sector is projected to expand at a compound annual growth rate (CAGR) 4.9% and reach US$ 71 billion by 2021.<\/p>\n<p style=\"font-weight: 400;\">Organisers of the show, Smart Stores Expo recognising the need for retailers to address the new demand of consumers for a differentiated shopping experience promise a bigger event to help players stay relevant to new developments.\u00a0 This year&#8217;s exhibition is expected to be twice as big as the first edition, and predicted to attract more than 60 exhibitors and over 3,000 visitors throughout its three-day run.<\/p>\n<p style=\"font-weight: 400;\">From its inception, Smart Stores Expo established itself as a must-attend event for professionals and key decision makers in the retail market.\u00a0 The show has been successful in\u00a0attracting some of the region&#8217;s most influential retailers and solution providers as exhibitors. It also included live product demos and a conference with prominent speakers from leading retailers.<\/p>\n<p style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3413 size-full\" src=\"http:\/\/middleeastevents.com\/blog\/wp-content\/uploads\/2018\/02\/Image-2-3.jpg\" alt=\"\" width=\"1390\" height=\"783\" srcset=\"https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2018\/02\/Image-2-3.jpg 1390w, https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2018\/02\/Image-2-3-300x169.jpg 300w, https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2018\/02\/Image-2-3-768x433.jpg 768w, https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2018\/02\/Image-2-3-1024x577.jpg 1024w\" sizes=\"auto, (max-width: 1390px) 100vw, 1390px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Smart Stores Expo, a trade show devoted to showcasing the latest trends and technologies shaping the future of retail, is back with its second staging slated September 4 \u2013 6 at the Dubai International Exhibition and Convention Centre.\u00a0 Building upon the success of its launch in Abu Dhabi, the event comes at an opportune time [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3413,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/3412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/comments?post=3412"}],"version-history":[{"count":1,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/3412\/revisions"}],"predecessor-version":[{"id":3414,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/3412\/revisions\/3414"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media\/3413"}],"wp:attachment":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media?parent=3412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/categories?post=3412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/tags?post=3412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}