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INDUSTRY SPOTLIGHTS HYPERMARKETS “UAE’s retail sales will grow from an estimated USD31.01 billion in 2011 to USD41.22 billion by 2015” and hospitality sector. The region is a popular destination among leisure travelers, international shoppers, and pilgrims. Strategic geographic location and government focus on attracting tourists have given a substantial boost to the growth of passenger traffic in the GCC, making airport retail a flourishing business. Saudi Arabia was identified by RNCOS as the most potential and dynamic retail market in the region. The Saudi Arabian retail market is highly fragmented and dominated by single-outlet operations, such as independent grocers, food specialists, and leisure & personal goods retailers. We expect that, the retail market in the Kingdom will grow at a CAGR of around 9% during 2011-2013. In its Q311 report, Business Monitor International (BMI) forecasts that UAE’s retail sales will grow from an estimated USD31.01 billion in 2011 to USD41.22 billion by 2015. Key factors behind the forecast are strong underlying economic growth (despite the recent problems in Dubai), increasing household consumption, growing acceptance of modern retailing concepts and expatriate wealth. While Emiratis contribute to retail sales, the buying power of the country’s expatriate residents is the major source of success, according to a study by Indian research firm RNCOS. Tourism is also a massive factor in stimulating retail growth, with the UAE expecting the number of tourists to have totaled more than 11 million in 2010. Growing urbanization is another factor in the buoyancy of the retail sector. Abu Dhabi in particular is highly urbanized, with the Urban Planning Council (UPC) projecting that Abu Dhabi City’s population will rise to 1.3 million by 2013. In 2005, 85.5% of the UAE’s population was classified by the UN as urban and this is estimated to have increased to 86.3% in 2010. According to its latest research report, “Middle East Retail Sector Forecast to 2013”, RNCOS notes that Oman retail sector has been recording unprecedented growth in the Middle-East region over the past few years. The country is witnessing rapid retail developments with the opening of several new outlets at the Muscat city center. Besides, the retailers in Oman are focusing on enhancing consumers’ shopping experience to increase footfall. On the back of these factors, the retail market in Oman is anticipated to grow at a CAGR of around 29% during 2011- 2014. Prepared by: Rasha Reslan Editor and Researcher تاكرشلا تبواجتو ةّيملاعلا ةئزجتلا تلاسلس قاوسلأا تلخد ثيح ةيضاملا ةليلقلا نينسلا للاخ يجيلخلا نواعتلا سلجم ةقطنم يف ريبك لكشب ىربكلا رجاتملاو تكرامربوسلا ت ّلاحم تعّسوت 31.01 يلاوح نم ةدحتملا ةّيبرعلا تاراملإا يف ةئزجتلا عاطق ومنيس امنيب ةقطنملا يف ةّيمانيدو ةّيناكمإ ةئزجتلا قاوسأ رثكأ ةّيدوعسلا ةّيبرعلا ةكلمملا ىقبتو .ةديدجلا نيكلهتسملا قاوذلأ ةّيلحملا للاخ %29 ىلإ لصي بّكرم ّيونس لّدعمب نامع يف ةئزجتلا عاطق ومني نأ عقوتملا نم ،ىرخأ ةهج نم .2015 ماع لولحب يكريمأ رلاود رايلم 41.22 يلاوح ىلإ 2011 ماع يف يكريمأ رلاود رايلم .2014 – 2011 ةرتف Beirut City Center to Open Early 2013 The Beirut City Center atrium Beirut City Center, Majid Al Futtaim Properties’ first shopping mall development in Lebanon, is on-schedule for opening in early 2013 as planned. The USD 300 million project is located in Beirut’s Hazmieh district, and will redefine the retail landscape by introducing more than 40 unique brands and an integrated leisure concept. With a total of 200 stores - or 60,000 sqm of retail space spread over three levels, parking for 1,800 cars and a unique open-air rooftop concept, Beirut City Center is set to be one of Lebanon’s largest modern shopping, leisure and entertainment destinations. Beirut City Centre will be a new landmark destination for Great Beirut, and will invigorate the local economy by creating more than 2,500 jobs during the construction phase and a further 1,200 permanent retail positions once open. Furthermore, construction on Beirut City Centre commenced September 2009, and is the first retail development in Lebanon by Majid Al Futtaim Properties, a leading developer of shopping malls together with hotels and mixed-use community projects in the MENA region. Besides, Majid Al Futtaim Properties is the leading developer of shopping malls together with hotels and mixed-use community projects in the Middle East and North Africa (MENA). Majid Al Futtaim Properties has changed the face of shopping, leisure and entertainment across the region with ten world-class malls operating in the UAE, Bahrain, Oman and Egypt and three currently in development in Fujairah - UAE, Cairo – Egypt and Beirut - Lebanon. Middle East Food (MEF) April 2012 / Vol. XXVIII Issue 4 34
Country / Regional Report Spain Economic Slump Casts its Shadows over Spain..................................P. 36 ELPOZO: from Simple to International...................................................P. 37 Procavi: Doing Good.....................................................................................P. 38 BERICAP Successfully Introduces Hexalite®..........................................P. 38 UK The Offal Market............................................................................................P. 39 Axium Provides Manufacturers with Cost Savings............................P. 40 DRI-Line Helps Ensure Product Integrity...............................................P. 40 New Tray Sealer Delivers Increased Flexibility.....................................P. 41 BCH Eyes Food Process Manufacturers..................................................P. 41 Qatar Qatar’s Growth: Piece of Cake...................................................................P. 42 Turkey Liberalization to Boost Turkish Agribusiness......................................P. 44 Basak Food Expands Globally...................................................................P. 46 Oystar Hassia Enjoying Success in Turkey............................................P. 46 İdeal Pulses Aims Higher............................................................................P. 47 Nas Gida: All about Yogurt.........................................................................P. 47 KFC Gida Seeks Safe Products...................................................................P.47 Photo Courtesy of Ishida
Page 1: www.mefmag.com April 2012 / Vol. XX
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Page 7 and 8: of Kuwait’s primary interests.
Page 9 and 10: تانّوللما تافاضلما
Page 12 and 13: INGREDIENTS & ADDITIVES FOCUS COLOR
Page 14 and 15: PACKAGING PACKING Middle East Drive
Page 16 and 17: PACKAGING PACKING MULTIVAC Brings R
Page 18 and 19: PACKAGING PACKING TNA Launches Inno
Page 20 and 21: CATERING & HOSPITALITY TABLEWARE Th
Page 22 and 23: Feature Cofee & Tea Ceylon Tea Rema
Page 24 and 25: FEATURE COFFEE & TEA “Sri Lanka h
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Page 32 and 33: INDUSTRY SPOTLIGHTS CEREALS & GRAIN
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Page 41 and 42: ةدحتلما ةكلملما قط
Page 43 and 44: ةدحتلما ةكلملما قط
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Page 56 and 57: EVENTS Events Preview Italian Food
Page 58 and 59: EVENTS Events Review 4500 Visitors
Page 60 and 61: SERVICES COMING EVENTS 2012 May UAE
Page 62 and 63: INFO ADVERTISERS’ INDEX Advertise
Page 64 and 65: CLOSING LETTER ةيماتلخا ة
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