The GCC region’s thriving leather trade will be underlined by a new event in Dubai, which will pave the way for leather manufacturers, suppliers and buyers to seize the growing opportunities in one of the world’s most business-friendly environments, according to The Gulf Today.
The three-day Leatherworld Middle East exhibition comes as the billion dollar trade of leather goods and accessories in the GCC mirrors a new landscape of rising opportunity in the global leather industry.
According to Euromonitor International, the value of leather imports and exports across the GCC reached $3.9 billion in 2013, including semi-finished and finished leather products, travel goods, accessories, handbags, and footwear.
The UAE holds the lion’s share of the figure ($2 billion), while Saudi Arabia, which also is a big manufacturer of leather products recorded $1.1 billion worth of leather imports and exports in 2013.
Dubai, which commands 30% of the Middle East’s luxury market according to consultancy firm Bain & Company, is the second-most important global destination for international retailers, after London.
The three-day Leatherworld Middle East exhibition comes as the billion dollar trade of leather goods and accessories in the GCC mirrors a new landscape of rising opportunity in the global leather industry.
According to Euromonitor International, the value of leather imports and exports across the GCC reached $3.9 billion in 2013, including semi-finished and finished leather products, travel goods, accessories, handbags, and footwear.
The UAE holds the lion’s share of the figure ($2 billion), while Saudi Arabia, which also is a big manufacturer of leather products recorded $1.1 billion worth of leather imports and exports in 2013.
Dubai, which commands 30% of the Middle East’s luxury market according to consultancy firm Bain & Company, is the second-most important global destination for international retailers, after London.
Source:
Mubasher
