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Article: middle east region's massive mall expansion boosts sales of toys.
- Article from:
- Albawaba.com
- Article date:
- January 27, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Gulf Cooperation Council (GCC) states' retail real estate market is the fastest growing in the world according to a recent study. The research states that more than 16.35 million square metres of gross leasable area (GLA) is expected to be Completed By 2010.
"This represents an increase of 565 per cent in available GLA found in the region since 2000, which then stood at 2.46 million square metres," said Monica Schulz-Blank, Show Manager of Middle East Toy Fair. "Within the GCC, the UAE and Saudi Arabia will see the highest GLA increase, with Dubai witnessing the largest actual increase from 1.17 million square metres in 2006 to 4.25 million square metres by ...