The MENA retail market is suggested to have reached a value of around $537 billion in 2013. The total is split into 'Grocery', 'Non-grocery' and 'Non store'. The grocery segment reached $216 billion, non-grocery reached $317 billion, and non store was the smallest segment at $3.7 billion.
The Middle East and North Africa was one of the fastest growing region for retailing in 2012, thanks to historically high oil prices and sustained consumer demand.
Modern retail formats are driven by the powerful franchise operators from the Gulf (Majid Al Futtaim, Alshaya) which are expanding their reach into emerging countries in the Middle East and North Africa .
However, North African countries will be dragged by their dependency on Western European tourist demand, which has been greatly affected by the downturn.
2013 will be a year of slow recovery for North America and relative stability in Eastern Europe and Latin America.
MENA countries will maintain their lead in growth terms in 2013, thanks to demand from High Net Worth Individuals (HNWI), a continued rise in disposable incomes, organic growth, and the on going modernisation of the retail landscape.
For more information on the MENA retail market, please click here: MENA retail market
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