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Singapore emerges leading retail destination: survey
DUBAI — Singapore has emerged as a leading retail destination in a study conducted by Euromonitor, which compared the retail prices of eight countries in Asia Pacific and the Middle East, including Dubai.
The results found Singapore to be the most affordable of the eight cities, in a survey which included Dubai, Bangkok, Hong Kong, Kuala Lumpur, Shanghai, Sydney and Tokyo. The results were published alongside figures which showed that 70,000 visitors travelled from the Middle East to Singapore in 2004, with retail options representing one of the prime motivations for travellers.
The announcement of the figures comes as Singapore continues to welcome record numbers of Middle East travellers for its annual shopping event, The Great Singapore Sale (GSS), which continues this week, offering discounts up to 70 per cent at a range of retailers across the city.
Euromonitor's research compared prices across five product groups and fifty household brand names; including Sony, Apple, Gucci and Chanel.
Commenting on the findings of the survey, Alan Tan, Singapore Tourism Board's Area Director, Middle East & Africa, said, "Increasing numbers of Middle East travellers are visiting Singapore, and discovering the retail attractions of our country. The survey provides one of the most comprehensive comparisons of different shopping destinations yet developed, and so should provide interesting food-for-thought for travelers looking to book their summer holidays."
Shopping remains one of Singapore's key attractions, with the Singapore Tourism Board currently set to invest over S$40 million (Dh87.22 million) to enhance the landscape and infrastructure of Orchard Road, transforming it into one of the world's greatest shopping streets.
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