GCC retail industry will surpass pre-pandemic levels in 2022, register a 15.7% year-on-year growth and reach a revenue of $296.8 billion. The industry is expected to further grow at a compounded annual growth rate (CAGR) of 5.7% by 2026, says Alpen Capital’s latest retail sector report.
According to Alpen Capital, the GCC retail industry sales are forecast to grow at a pace of 5.7% CAGR between 2022 and 2026 to reach $370 billion.
The industry is expected to see renewed growth largely driven…