GCC retail sports a wider smile

Dubai-based Alpen Capital’s ‘GCC Retail Industry’ report, released recently, sees retail sales in the GCC growing to $284.5 billion by 2018 (2013-18 CAGR= 7.3%), with sales of supermarkets/hypermarkets reaching $59.3 billion in this five-year period (CAGR= 9.2%).