Location: Dubai World Trade Centre (DWTC)
Date: 7-10 December 2016
About the Show:
A REGION WORTH INVESTING IN
- Middle East continues to be in Top Ten List of Global Luxury Markets. The consumption of luxury goods has surged by 11% in the region, driven largely by rapid growth in tourism, local consumption, and strong historic relevance of luxury in the region.
- The market is expected to continue to grow fast driven by a large number of mall openings throughout the GCC region the coming five years.
- Dubai is the heart of the regional market as the city alone commands around 30% of the luxury market in the Middle East and around 60% of the UAE’s luxury market.
- The UAE is the 7th wealthiest country with a per capita income of US$65,037 (up 10.1%) and is home to the second highest number of international retail brands with jewellery being one of the top 5 contributors to the UAE economy.
- Countries in Middle East, led by the United Arab Emirates are major consumers of gold.
Dubai is the largest importer and consumer of gold in the Gulf with a custom duty as low as 5% and zero taxation.
Event Link: Dubai International Jewelry Week
