Nina Jobst
Research expert covering South Korea
Luxury goods market in GCC - statistics & facts
The luxury retail sub-sector was expected to be one of the leaders in the industry’s contribution to the Gulf Cooperation Council’s economy. In a region with high economic growth over the past decade and rising affluence levels, spending on luxury products has been witnessing a continuous growth. Along with a young population, the demand for luxury goods and unique shopping experiences is expected to drive the luxury market growth in the GCC.
