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.
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.