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His Highness engaged with top global retailers and toured the pavilions of young and emerging global brands organised on the sidelines of the Summit.With more than 900 participants from around the world the Summit features established local and international brands as well as young and emerging global brands.The Summit underscores Dubais leadership in shaping the retail landscape with technological advancements digital infrastructure and commitment to keeping up with global developments.The event focuses on sustainability customer engagement and new technologies and includes 75 speakers across 31 sessions 18 hours of curated content and a range of session formats.Abdul Aziz Al Ghurair Dubais economy expanded by 4.6 in the first nine months of 2022 reaching AED307.5 billion with 24.1 contributed by the retail sector.Retail particularly e-commerce will play an increasingly significant role in driving economic growth and diversification supporting the objectives of the Dubai Economic Agenda D33His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum Chairman of the Dubai Media Council today attended the opening of The Retail Summit 2023. Featuring prominent international brands and over 900 participants from around the world Day 1 of the summit was attended by HE Abdul Aziz Abdulla Al Ghurair the Chairman of Dubai Chambers Mohammad Ali Rashed Lootah the President and CEO of Dubai Chambers as well as Gary Thatcher the CEO and co-founder of The Retail Summit.His Highness Sheikh Ahmed bin Mohammed toured the pavilions of young and emerging global brands organised on the sidelines of the Summit. The event offers an exceptional opportunity for brands to showcase their strengths to a global audience interested in exploring business opportunities in Dubai and the Middle East.His Highness engaged with top global retailers at the event underscoring the significance of The Retail Summit as a platform for strategic dialogue and discussion in the retail sector. HH along with Al Ghurair and Lootah met with several senior representatives of leading global brands including Jo Malone Founder and Creative Director of UK-based brand Jo Loves Michael Kliger CEO of German brand Mytheresa Chris Davis Chief Marketing Officer of American brand New Balance Simone Dominici CEO of Italian company Kiko Milano Rodney Lam CEO of Dutch brand Daily Paper Tommy Hilfiger Chief Designer for Tommy Hilfiger and other senior executives.Al Ghurair said The Retail Summit is an important platform that brings together leaders in the retail sector economic experts and analysts to address critical issues identify opportunities and challenges and devise plans and strategies to advance the sector. The retail sector plays an important part in strengthening the local and global economies including the digital economy while also serving the broader goals of sustainable development.He added The world is witnessing exponential growth in e-commerce driven by rapid technological advancements and a significant shift in consumer behaviour. It is imperative for decision-makers and professionals in the retail sector to closely monitor these changes and leverage them to benefit their businesses and the end consumer.According to Al Ghurair Dubais economy expanded by 4.6 in the first nine months of 2022 reaching AED307.5 billion with 24.1 contributed by the retail sector. In addition Dubai received more than 14.5 million tourists last year which further supported the growth of the retail industry. Experts project strong economic performance for the emirate this year indicating an increase in spending and investment especially in entertainment tourism and real estate which is set to drive greater growth for the retail sector.Al Ghurair expressed confidence that the retail sector particularly e-commerce will play an increasingly significant role in driving economic growth and diversification supporting the objectives of the Dubai Economic Agenda D33.Thatcher expressed his satisfaction saying We are delighted to have successfully opened the third edition of The Retail Summit with the energy insights and ideas of our esteemed speakers and attendees. Their contributions have set the tone for an exciting Day 2 and we are thrilled with the level of engagement and participation so far. We look forward to another impactful day tomorrow.30 Activities on the AgendaThe Summit in partnership with Dubai Chambers serves as an ideal platform for discussing future trends opportunities and prospects for the growth of the global retail sector. Held at Atlantis The Palm and Atlantis The Royal The Retail Summit underscores Dubais leadership in shaping the overall landscape of this crucial industry through its pioneering technological advancements unique digital infrastructure and commitment to keeping up with key global developments.Additionally the Summit provides attendees with a unique opportunity to hear from major global retailers and over 75 speakers and international experts across more than 30 sessions covering a diverse range of relevant topics.The event featured an unparalleled agenda and an impressive line-up of both locally and internationally renowned retailers with two streams focusing on critical issues within the global retail industry. Industry professionals from top companies such as Tommy Hilfiger Chalhoub Group 6thStreet AWWG Fred Segal Magrabi Apparel Group Amazon Sultan Center Group Alsulaiman Group Papa Johns Majid Al Futtaim AllSaints Adyen Vogue Business MyWardrobeHQ Copenhagen Cartel Jo Loves The Latest Harvey Nichols and David Gandy Wellwear were in attendance.
