Retailing sector contributes over 60 per cent to Dubai's GDP

DUBAI - Office operations of back and front office needs to improvise for a efficient trading and retail sector in Dubai, said Essa Kazim, director general, Dubai Financial Market and Co-ordinator General, Dubai Service Excellence Scheme (DSES) at the seminar 'The Future of Retailing', organised by Department of Economic Development (DED).

By A Staff Reporter

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Published: Tue 7 Dec 2004, 12:31 PM

Last updated: Thu 2 Apr 2015, 11:46 AM

Kazim further said: "This sector contributed over 60 per cent to Dubai’s GDP, it currently operated at only 50 per cent efficiency in comparison to developed economies."

Ali Ibrahim, deputy director general, DED, awarded DSES certification and trophy to 25 new members from the retail sector in Dubai, which included retail and service outlets for well known international and regional brands.

The trading and retail sector is of great significance to Dubai’s economy and accounts for about 16 per cent of economic activities in the emirate. In fact, licences for the trading sector constitute about 72 per cent of the total number of licences issued by the DED every year, added Kazim

The seminar was conducted by Paco Underhill, internationally renowned ‘retail anthropologist’ and expert in the shopping patterns of people. In addition, Dr. Lway Nackasha, Adviser Quality and Excellence at the DED gave an introductory presentation on the DSES, encouraging potential retail outlets to apply for the certification.

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