Retail Sector Profile
The retail sector in Qatar has expanded greatly in recent years and will expand further with a series of major developments in the next five years. Qatar had the highest GDP per capita income in the world in 2011 and boasts a number of high-end shopping locations. With the population of Qataris and expats set to increase and the income level expected to remain amongst the highest in the world, there should be many opportunities in the coming years for SMEs in the retail sector.
A host of major new developments is set to more than double the gross leasable area over the next five years. These include the USD1.7bn Doha Festival City complex, which will be anchored by Qatar’s first IKEA and will be the country’s largest mall. The first phase of this project is due for completion in 2012. Also under development is Barwa Commercial Avenue, a mixed-use development, which should be complete by the end of 2012, and further retail space will be added at the Pearl as it continues to develop.