Tag Archives: shopping mall

MENA: retail sales are still growing

Retail sales in the MENA region jumped 13.2 percent last year, making it the only region in the world to post double digit growth, accountancy firm Deloitte has said.

In its latest retail report, Deloitte said emerging markets were the most promising for consumer sales and marked the Middle East as a stand-out region.
“While global economic growth is on the mend, most of it is taking place in emerging markets, many of which are experiencing rapidly increasing consumer spending,” said Nasser Sagga, audit partner at Deloitte and Touche.
“Within the Middle East there is a number of emerging economies that meet the criteria of strong growth prospects and good demographics – Egypt and Turkey being two such examples.”

The report identified the 250 largest retailers around the world in 2010, more than 11 percent of which were based in the MENA region.
Despite seeing a significant drop in trade and tourism during the financial crisis, the Gulf remains a key a market for retailers.

A report last year by real estate consultancy CB Richard Ellis found Dubai ranked second only to London in terms of the number of global brands with a presence in the city.
In a ranking of 294 of the world’s top retailers, more than half had a presence in Dubai. “Despite continued uncertainty for some retailers across the world, luxury brand retailers have remained active and were responsible for the most new store openings,” said Peter Gold, head of Europe, Middle East and Africa cross-border retail at CBRE. (Source: ArabianBusiness.com, Photo: hadiyahrewardnetwork.com)

Green roofs and gardens for sustainable shopping malls

I was recently reading about a shopping mall in Toronto that is going to expanSiam Paragon Shopping Mall green interior designd also including a sustainable food court and a green roof and I asked to myself: "Are there many shopping malls using green roof as a sustainable (and I think very stylish) way to control their energy consumption?" I made a quick search and I found that in 2008 in Upper Providence, Pennsylvania, a 400,000-square-foot shopping mall installed a 2.3 acre  green roof to prevent storm water runoff. It seemed to me centuries ago, and a very remote location for something that even in 2011 looks like science fiction.

But the most amazing example of a green shopping mall is the Siam Paragon Shopping Mall in Bangkok, Thailand, designed by the world known Patrick Blanc in 2005. The Siam Paragon shopping center in features a lush, rainforest-like cascade of ferns, vines, sedum and moss in various shades of green, yellow, red and purple. The greenery surrounds the building’s 6-story elevator shaft to dazzling effect, enjoying all the shopping mall visitors for a great sustainable shopping experience. (Image via: Pseangsong + pingmag)