Middle East, the 10th largest luxury goods market worldwide

The Middle East luxury goods market achieved a growth of 10 to 15% from 2011 to 2012, establishing the region as the 10th largest luxury goods market in the world. The research and findings are included in the 11th Edition of its industry bellwether “Luxury Goods Worldwide Market Study,” which was unveiled at a recently concluded conference hosted by Fondazione Altagamma, the association of Italian luxury brands.

The new Luxury Goods Worldwide Market Study has reported that the Middle East market will grow by up to 15% and become the 10th largest in the world, strongly validating the immense market potential of the Middle East.

One & Only The Palm Resort, Dubai