Sharjah’s wholesale and retail trade already represents a significant component of the emirate’s economy, accounting for 12 per cent of GDP, according to the Sharjah Investment and Development Authority (Shurooq) and an Oxford Business Group report.
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London may have recently been named as the world capital for luxury store openings in 2016, but when it comes to a place that is vying to be the ultimate destination for luxury shopping tourism, the Middle East is set to take this crown, said an industry expert.