GCC retail sector set for 15.7% growth in 2022 but greater digital focus is needed: Alpen Capital

Retailers in the Gulf Cooperation Council region are reporting higher turnovers due to inflation rises and consumers increasing spending on necessities, according to investment banking advisory firm Alpen Capital. A report from the Dubai-based company forecasts the GCC’s overall retail sector is set to register 15.7 percent year-on-year growth, reaching…