Consumer durables is a cataloguing of consumer goods that are not essential to be bought very often as they are fashioned in a way so as to last for an extended period of time. Profits in the consumer durables sector were most profoundly…
BMI View: Four new shopping centres in Q416 and H117 will see increased spending from both wealthy
expats and Qataris, as the capital Doha seeks to usurp Dubai's seat of regional dominance in retail
infrastructure and supply. Household spending will increase by 8.2% in 2017, up from a forecast 6.8% in
2016. The stabilisation of the international hydrocarbons markets has made the rapid expansion of Qatar's
retail sector a much less risky opportunity than in previous quarters.
Key Updates And Forecasts
? Uncertain economic conditions and infrastructure delays have pushed back the openings of two shopping
malls, the Mall of Qatar and Doha Festival City. They are set to open in October 2016 and February 2017
respectively. The Ezdan and Tawar Malls are on course to open their doors for the first time by end-2016.
? The largest mall in the country, the Mall of Qatar, will host stores from both Abu Issa Holdings and the
Azadea Group, with each opening 15 stores in the mall once it has been completed.