Alpha Nero expects sustainable growth in the Middle East’s retail sector over the next decade

Alpha Nero expects sustainable growth in the Middle East’s retail sector over the next decade

Alpha Nero, one of the fastest-growing design and shop fit-out manufacturing companies in the Middle East, reveals its forecasts for the Middle East’s luxury retail sector over the next decade. The company receives increasing demand from the world’s top luxury brands as more shopping malls and touristic destinations are set to open in the upcoming years. The UAE has become the world’s destination of choice for millionaires and high-net-worth individuals, according to recent financial reports. By the end of 2022, the UAE is expected to receive more than 4,000 millionaires coming from around the globe for investment opportunities and quality of living. Simon Hacker, founder and managing partner of Alpha Nero, stated, “the GCC is emerging as the world’s top tourist and financial hub, and the region is already hosting the largest international events such as EXPO 2020, FIFA World Cup 2022 and the World Government Summit. We are witnessing an increasing demand from luxury brands to expand their presence as the number of visitors to the region will grow at a steady pace over the next decade.” The retail industry including luxury brands is among the most innovative business sectors. Over the last few years, the industry has introduced