Latest news with #LOGICConsulting
Biz Bahrain
25-05-2025
- Business
- Biz Bahrain
GCC retail sector enters bold new era, surging toward $390bln by 2028
The retail industry in the GCC is undergoing a sweeping transformation. Once dominated by traditional models, the sector has now emerged as a key enabler of economic diversification, technological innovation, and consumer-centric growth. A new report by LOGIC Consulting, titled 'Revolutionizing Retail: Unveiling GCC's Five-Year Transformation', highlights how the sector is expanding rapidly, projected to reach over $390 billion by 2028, driven by digital innovation, changing shopper behavior, and strategic government initiatives. Retail is no longer just a transactional space in the region, it is becoming a cornerstone of national development agendas, fostering private investment and energizing adjacent sectors such as logistics, real estate, and tourism. From Convenience to Customization: A New Consumer Reality The report highlights the evolution of consumer expectations across the GCC. Shoppers are now more digitally fluent, time-sensitive, and experience-driven. With 87% of consumers in the region using both online and offline channels to make purchases, the retail experience is no longer linear – it is 'phygital.' Two Segments, One Direction: Food and Non-Food Retail on the Rise The GCC's retail ecosystem is broadly split into two pillars: food and non-food, each showing robust but distinct growth paths. Food retail is expected to grow from $127.2 billion in 2023 to $162 billion by 2028, supported by rising urbanization and shifting dietary preferences. At the same time, non-food retail – including luxury, electronics, and fashion – is surging faster, with a CAGR of 6.2%, expected to hit $243.6 billion within the same period. Saudi Arabia and the UAE continue to lead the region, representing over 75% of all retail sales today – a share set to grow further. Digital Retail Takes Center Stage From AI-enabled platforms to hyper-personalized e-commerce journeys, retailers are reinventing themselves at breakneck speed. The emergence of 'quick commerce'; ultra-fast delivery in under 30 minutes, is reshaping how consumers access everyday essentials. Digital-first players like Noon and are competing head-to-head with legacy giants such as Carrefour and Lulu, who are now embedding AI, live inventory, and omnichannel logistics into their operating models. Retail Reinvented: From Malls to Micro Fulfillment The report outlines how organized retail is expanding, with nearly 4 million square meters of new retail space expected by 2028. Yet the future lies beyond square footage, experiential shopping, augmented reality, and predictive personalization are becoming the norm. 'Retailers in the GCC are no longer just selling products, they are curating journeys and building ecosystems,' added Rabie. 'Success hinges on who can best merge the physical with the digital.' The Rise of Value and Purpose While luxury retail continues to thrive, a powerful countertrend is emerging: value-driven retail. Private labels, cooperative societies, and budget-friendly chains are resonating with a growing middle class and price-sensitive consumers. Simultaneously, ethical and sustainable retail is gaining momentum, with over half of GCC consumers now prioritizing environmentally responsible brands. Strategic Imperatives: What Retailers Must Do Next The report concludes with five strategic calls to action for retailers aiming to thrive in the region's evolving landscape: Define a compelling USP in a saturated, digitally competitive market. Embrace operational transformation through lean processes, data intelligence, and agile supply chains. Navigate market fragmentation with readiness for consolidation and joint ventures. Build strategic partnerships and ecosystems that drive innovation and speed to market. Adapt deeply to local market dynamics, tailoring everything from inventory to customer service. A Sector on the Edge of Global Influence
Zawya
22-05-2025
- Business
- Zawya
GCC retail sector enters bold new era, surging toward $390bln by 2028
Dubai, United Arab Emirates – The retail industry in the GCC is undergoing a sweeping transformation. Once dominated by traditional models, the sector has now emerged as a key enabler of economic diversification, technological innovation, and consumer-centric growth. A new report by LOGIC Consulting, titled ' Revolutionizing Retail: Unveiling GCC's Five-Year Transformation ', highlights how the sector is expanding rapidly, projected to reach over $390 billion by 2028, driven by digital innovation, changing shopper behavior, and strategic government initiatives. Retail is no longer just a transactional space in the region, it is becoming a cornerstone of national development agendas, fostering private investment and energizing adjacent sectors such as logistics, real estate, and tourism. From Convenience to Customization: A New Consumer Reality The report highlights the evolution of consumer expectations across the GCC. Shoppers are now more digitally fluent, time-sensitive, and experience-driven. With 87% of consumers in the region using both online and offline channels to make purchases, the retail experience is no longer linear – it is 'phygital.' Two Segments, One Direction: Food and Non-Food Retail on the Rise The GCC's retail ecosystem is broadly split into two pillars: food and non-food, each showing robust but distinct growth paths. Food retail is expected to grow from $127.2 billion in 2023 to $162 billion by 2028, supported by rising urbanization and shifting dietary preferences. At the same time, non-food retail – including luxury, electronics, and fashion – is surging faster, with a CAGR of 6.2%, expected to hit $243.6 billion within the same period. Saudi Arabia and the UAE continue to lead the region, representing over 75% of all retail sales today – a share set to grow further. Digital Retail Takes Center Stage From AI-enabled platforms to hyper-personalized e-commerce journeys, retailers are reinventing themselves at breakneck speed. The emergence of 'quick commerce'; ultra-fast delivery in under 30 minutes, is reshaping how consumers access everyday essentials. Digital-first players like Noon and are competing head-to-head with legacy giants such as Carrefour and Lulu, who are now embedding AI, live inventory, and omnichannel logistics into their operating models. Retail Reinvented: From Malls to Micro Fulfillment The report outlines how organized retail is expanding, with nearly 4 million square meters of new retail space expected by 2028. Yet the future lies beyond square footage, experiential shopping, augmented reality, and predictive personalization are becoming the norm. 'Retailers in the GCC are no longer just selling products, they are curating journeys and building ecosystems,' added Rabie. 'Success hinges on who can best merge the physical with the digital.' The Rise of Value and Purpose While luxury retail continues to thrive, a powerful countertrend is emerging: value-driven retail. Private labels, cooperative societies, and budget-friendly chains are resonating with a growing middle class and price-sensitive consumers. Simultaneously, ethical and sustainable retail is gaining momentum, with over half of GCC consumers now prioritizing environmentally responsible brands. Strategic Imperatives: What Retailers Must Do Next The report concludes with five strategic calls to action for retailers aiming to thrive in the region's evolving landscape: Define a compelling USP in a saturated, digitally competitive market. Embrace operational transformation through lean processes, data intelligence, and agile supply chains. Navigate market fragmentation with readiness for consolidation and joint ventures. Build strategic partnerships and ecosystems that drive innovation and speed to market. Adapt deeply to local market dynamics, tailoring everything from inventory to customer service. A Sector on the Edge of Global Influence As the region becomes a hub for tech-savvy, high-income, and experience-driven consumers, the retail sector is poised to become a defining pillar of the GCC's post-oil economy. 'The GCC is not just catching up to global retail trends, it is helping define them,' concluded Rabie. 'This is a moment of reinvention, and those who lead now will set the tone for the next decade.' For more insights and to access the full report, click here. About LOGIC Holding LOGIC Holding is a leading management consulting group in MEA, established in 1998, with strong regional presence with offices in Cairo, Riyadh, Jeddah, Dubai, and Manama. LOGIC Holding has grown into a powerhouse, encompassing LOGIC Consulting, LOGIC Talent Solutions, LOGIC Training & HR Development, iVolution, and Nexel, its new acquired digital solutions consulting firm. LOGIC has built a legacy of empowering organizations with innovative strategies that drive growth, enhance governance, and elevate operational excellence.
Trade Arabia
22-05-2025
- Business
- Trade Arabia
GCC retail sector enters bold new era, set for $390bn by 2028
The retail industry in the GCC is undergoing a sweeping transformation. Once dominated by traditional models, the sector has now emerged as a key enabler of economic diversification, technological innovation, and consumer-centric growth, according to a report by LOGIC Consulting. The sector is expanding rapidly and is projected to reach over $390 billion by 2028, driven by digital innovation, changing shopper behavior, and strategic government initiatives, stated LOGIC in its report, titled 'Revolutionizing Retail: Unveiling GCC's Five-Year Transformation.' Retail is no longer just a transactional space in the region, it is becoming a cornerstone of national development agendas, fostering private investment and energizing adjacent sectors such as logistics, real estate, and tourism, it added. The report highlights the evolution of consumer expectations across the GCC. Shoppers are now more digitally fluent, time-sensitive, and experience-driven. With 87% of consumers in the region using both online and offline channels to make purchases, the retail experience is no longer linear - it is 'phygital.' Food, non-food retail on the rise The GCC's retail ecosystem is broadly split into two pillars: food and non-food, each showing robust but distinct growth paths. Food retail is expected to grow from $127.2 billion in 2023 to $162 billion by 2028, supported by rising urbanization and shifting dietary preferences. At the same time, non-food retail – including luxury, electronics, and fashion – is surging faster, with a CAGR of 6.2%, expected to hit $243.6 billion within the same period. Saudi Arabia and the UAE continue to lead the region, representing over 75% of all retail sales today – a share set to grow further. Digital retail taking centrestage From AI-enabled platforms to hyper-personalized e-commerce journeys, retailers are reinventing themselves at breakneck speed. The emergence of 'quick commerce'; ultra-fast delivery in under 30 minutes, is reshaping how consumers access everyday essentials. Digital-first players like Noon and are competing head-to-head with legacy giants such as Carrefour and Lulu, who are now embedding AI, live inventory, and omnichannel logistics into their operating models. The report outlines how organized retail is expanding, with nearly 4 million sq m of new retail space expected by 2028. Yet the future lies beyond square footage, experiential shopping, augmented reality, and predictive personalization are becoming the norm. "Retailers in the GCC are no longer just selling products, they are curating journeys and building ecosystems," stated Rabie. "Success hinges on who can best merge the physical with the digital," he added. The rise of value and purpose While luxury retail continues to thrive, a powerful countertrend is emerging: value-driven retail. Private labels, cooperative societies, and budget-friendly chains are resonating with a growing middle class and price-sensitive consumers, said the report. Simultaneously, ethical and sustainable retail is gaining momentum, with over half of GCC consumers now prioritizing environmentally responsible brands, it added. The report concludes with five strategic calls to action for retailers aiming to thrive in the region's evolving landscape: *Define a compelling USP in a saturated, digitally competitive market. *Embrace operational transformation through lean processes, data intelligence, and agile supply chains. *Navigate market fragmentation with readiness for consolidation and joint ventures. *Build strategic partnerships and ecosystems that drive innovation and speed to market. *Adapt deeply to local market dynamics, tailoring everything from inventory to customer service. As the region becomes a hub for tech-savvy, high-income, and experience-driven consumers, the retail sector is poised to become a defining pillar of the GCC's post-oil economy, stated Rabie.
Zawya
22-05-2025
- Business
- Zawya
GCC retail sector enters bold new era, set for $390bln by 2028
The retail industry in the GCC is undergoing a sweeping transformation. Once dominated by traditional models, the sector has now emerged as a key enabler of economic diversification, technological innovation, and consumer-centric growth, according to a report by LOGIC Consulting. The sector is expanding rapidly and is projected to reach over $390 billion by 2028, driven by digital innovation, changing shopper behavior, and strategic government initiatives, stated LOGIC in its report, titled 'Revolutionizing Retail: Unveiling GCC's Five-Year Transformation.' Retail is no longer just a transactional space in the region, it is becoming a cornerstone of national development agendas, fostering private investment and energizing adjacent sectors such as logistics, real estate, and tourism, it added. The report highlights the evolution of consumer expectations across the GCC. Shoppers are now more digitally fluent, time-sensitive, and experience-driven. With 87% of consumers in the region using both online and offline channels to make purchases, the retail experience is no longer linear - it is 'phygital.' Food, non-food retail on the rise The GCC's retail ecosystem is broadly split into two pillars: food and non-food, each showing robust but distinct growth paths. Food retail is expected to grow from $127.2 billion in 2023 to $162 billion by 2028, supported by rising urbanization and shifting dietary preferences. At the same time, non-food retail – including luxury, electronics, and fashion – is surging faster, with a CAGR of 6.2%, expected to hit $243.6 billion within the same period. Saudi Arabia and the UAE continue to lead the region, representing over 75% of all retail sales today – a share set to grow further. Digital retail taking centrestage From AI-enabled platforms to hyper-personalized e-commerce journeys, retailers are reinventing themselves at breakneck speed. The emergence of 'quick commerce'; ultra-fast delivery in under 30 minutes, is reshaping how consumers access everyday essentials. Digital-first players like Noon and are competing head-to-head with legacy giants such as Carrefour and Lulu, who are now embedding AI, live inventory, and omnichannel logistics into their operating models. The report outlines how organized retail is expanding, with nearly 4 million sq m of new retail space expected by 2028. Yet the future lies beyond square footage, experiential shopping, augmented reality, and predictive personalization are becoming the norm. "Retailers in the GCC are no longer just selling products, they are curating journeys and building ecosystems," stated Rabie. "Success hinges on who can best merge the physical with the digital," he added. The rise of value and purpose While luxury retail continues to thrive, a powerful countertrend is emerging: value-driven retail. Private labels, cooperative societies, and budget-friendly chains are resonating with a growing middle class and price-sensitive consumers, said the report. Simultaneously, ethical and sustainable retail is gaining momentum, with over half of GCC consumers now prioritizing environmentally responsible brands, it added. The report concludes with five strategic calls to action for retailers aiming to thrive in the region's evolving landscape: *Define a compelling USP in a saturated, digitally competitive market. *Embrace operational transformation through lean processes, data intelligence, and agile supply chains. *Navigate market fragmentation with readiness for consolidation and joint ventures. *Build strategic partnerships and ecosystems that drive innovation and speed to market. *Adapt deeply to local market dynamics, tailoring everything from inventory to customer service. As the region becomes a hub for tech-savvy, high-income, and experience-driven consumers, the retail sector is poised to become a defining pillar of the GCC's post-oil economy, stated Rabie. "The GCC is not just catching up to global retail trends, it is helping define them," he noted. "This is a moment of reinvention, and those who lead now will set the tone for the next decade," he added. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
25-04-2025
- Business
- Zawya
GCC family offices emerge as new venture capital powerhouses
DOHA: Family offices in the GCC are undergoing a significant transformation. Once focused primarily on managing and preserving wealth, these entities are now embracing high-growth strategies that resemble the behavior of venture capital firms. A new report by LOGIC Consulting, titled 'Beyond Wealth: How Family Offices Are Shaping the Future of Investment', reveals that 78 percent of family offices globally are planning to invest in digital assets over the next two to three years. This shift highlights how these entities are moving toward innovation-driven and tech-focused investment models. Fueled by younger generations, growing digital fluency, and a greater tolerance for risk, family offices across the region are backing early-stage tech startups, AI ventures, sustainable technologies, and fintech disruptors. This evolution is positioning GCC-based family offices as influential players in the global innovation economy. Their long-term and purpose-led capital sets them apart from traditional institutional investors. Traditionally, family offices were designed to manage wealth and ensure financial stability for future generations. Their investment strategies often centered around real estate, industrial holdings, and low-risk portfolios. That model is now shifting. Increasingly, family offices are aligning with the high-growth strategies of venture capital, supporting disruptive businesses, nurturing innovation, and forming direct partnerships with founders. 'Family offices in the GCC are no longer playing it safe,' said SeifAllah Rabie, UAE Managing Partner at LOGIC Consulting. 'They are actively reshaping the investment ecosystem and stepping into roles traditionally dominated by venture capital firms. The key difference is that family offices bring patient capital, which allows businesses the time and flexibility they need to scale.' © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. ( The Peninsula Newspaper
