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Middle East Beauty & Spas Market Facts & Figures
- The Middle East Cosmetic and Toiletries (C&T) market is one of the largest and most profitable in the world. Growing at a rate of 12% annually, beauty sales are expected to increase by more than AED 11 billion by 2010.
- An additional pull factor that attracts C&T brands to this region is the substantial expansion in the development of shopping malls, with almost 30% of all retail space being occupied by beauty products retailers. The opening of Dubai Mall and Dubai Marina Mall validates the increasing demand and indicates that companies are looking to the region as a long term investment
- Almost 60% of the GCC population is under 25 years old, ensuring high growth rate in the beauty market.
- The beauty products and services market is worth more than AED 7.3 billion in Saudi Arabia. Beauty sales for the UAE are forecasted to exceed AED 3.3 billion by 2010
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