THE UNITED ARAB EMIRATES
May 1st, 2007
BY PAUL COCHRANE, in BeirutThe cosmetics and personal care market in the UAE was worth more than US$414 million in retail sales last year, according to market data group Euromonitor. Demand is being driven in the UAE by an estimated 6.2 million tourists a year, a 23.5% rise in GDP in nominal terms in 2006, and by radical changes in the UAE's population- from 2.4 million in 1995 to 4.3 million this year. The future outlook for the sector is equally bright, with some estimates predicting the population could reach 10 million by 2010.With 80% of the UAE's population ...
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