In its 2019 “GCC Retail Industry,” Alpen Capital reviews supermarket, luxury, airport retail and ecommerce markets in the gulf region. The report highlights “retailers in the GCC are exploring omni-channel business models. GCC retail industry is set to witness a significant transition with the likely introduction of Artificial Intelligence (AI), Augmented Realty (AR), Virtual Reality (VR), Image Recognition and Computer Vision Technologies.”

“Sedentary lifestyles, poor food habits and dietary choices have led to a higher prevalence of diabetes, cardiovascular disease, obesity, and other conditions in the GCC population. As a result, demand for healthy and organic food concepts is growing and gaining popularity in the region.” The report concludes.

“Sale of personal luxury goods in the Middle East, primarily represented by the GCC countries, is expected to witness a steady growth of 4.0% between 2018 and 2023. Between 2018 and 2023, non-food retail sales are anticipated to grow at a CAGR of 4.7% led by the rising expatriate population and tourists as well as appetite for global concepts. During the period, food retail sales are likely to grow at a CAGR of 2.8%”

You could download the report from here.