A new report by «Research and Markets» titled «Luxury Goods Market in Gulf Cooperation Council Countries – Market Share Analysis, Trends, and Forecasts (2026–2031)»... The report indicates that the luxury goods market in the Gulf region is experiencing steady growth, driven by rising disposable income and increasing demand for premium products. Analysts forecast that by 2031, the market will reach significant figures, with the UAE and Saudi Arabia remaining key players. The main growth drivers include the development of the tourism sector and the growing number of high-income consumers. The report also analyzes current trends, such as the rising interest in sustainable fashion and the digitalization of retail.
