According to a Dubai Chambers estimate, UAE retail sales would expand at a 6.6% annual rate to $70.5 billion by 2025. Within this, store-based retailing is forecasted to develop at a CAGR of 5.7%, while internet retail is projected to increase at a faster rate of 14.8%.
Western International Group, which manages one of the largest retail networks in the GCC with 149 retail locations under the Nesto and Mark & Save brands, has inaugurated its 17th Mark & Save value retail superstore in Ajman, which will serve a broad community and help them save more by spending less.
Mark & Save is the UAE’s leading large-format discount retailer, with outlets in Dubai, Abu Dhabi, Sharjah, and Ajman. It has successfully grown to include Riyadh, Al Ahsa, and Khobar in Saudi Arabia, Mabella, Barka, and Al Khoud in Oman, and Fahaheel, Abbasiya, and Dajeej in Kuwait. We are preparing to open our first stores in Qatar soon.
Across the GCC, a comprehensive list of new stores are under development or have been finalized. By 2030, the business plans to open 500 outlets worldwide, including in India, Southeast Asia, North America, and Europe.
Also Read:
In a Single Year, the UAE Welcomes Almost $30 Billion in Cryptocurrency Investments
