Tuesday 18 October 2011

Dubai is still Middle East's retail centre - The National

The global boom in luxury retail has cemented Dubai's place as the capital of shopping in the Middle East, according to global executives.

"Retail is Dubai," says Olivier Bernheim, the president and chief executive of Raymond Weil,a Swiss maker of luxury watches. "Dubai is an image market, it's a platform for the Middle East and subcontinent, it is also the driving force for retail."

Dubai shares the top spot with London for the biggest range of brands anywhere in the world, pipping traditional retail stalwarts such as New York and Paris.

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