News

Dubai footwear sales to reach $3 billion by 2020

14/04/2016

The Dubai Chamber of Commerce and Industry expects apparel and footwear sales in the emirate to reach $17 billion by 2020.

By the end of 2016, sales of apparel and footwear are expected to reach $13.5 billion, compared with $12.8 billion last year. The Dubai Chamber estimates that sales are likely to grow at a compound annual growth rate (CAGR) of 6.6 per cent until 2020. Since 2010, sales of apparel and footwear in Dubai have grown 5.5 per cent per year.

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