UAE consumer spending rose 13% in 2023

Majid Al Futtaim report reveals retail sectors robust growth during the year

Somshankar Bandyopadhyay

Published: Thu 4 Apr 2024, 5:33 PM

Last updated: Thu 4 Apr 2024, 5:34 PM

Overall UAE consumer spending rose by 13 per cent in 2023 compared to 2022, driven by a 14 per cent increase in the retail economy, a report showed on Thursday.