May 9 - A new report by Alpen Capital, entitled GCC Retail Industry Report 2010, said the inflow of tourists and increasing number of passengers in transit will help fuel retail growth in the GCC retail industry. Other factors expected to boost growth in the retail industry are an increase in population, urbanization, and middle class (with increasingly higher per capital income). Gross leasable area (GLA) in the retail space may increase by six million square meters between 2010-2012 according to figures in the report.
The report’s authors are especially optimistic about increased demand for tourism and say absorption of the incremental retail space will depend on sustained strong growth in tourism. The report forecasts that tourists and passengers in transit will revive demand, further boosting sales in 2010. “As per our estimates, short-visit tourist retail sales are expected to register revival, while sales at duty-free shops at airports will rise significantly under the impact of rising passenger traffic.”
Known as “King’s Way,†Rajpath is the most important road in India because it is littered with governmental buildings including the parliament house of India. The road runs from Rashtrapati Bhavan to the National Stadium and has a lovely floral view with several lawns, trees, and ponds found along the sides. However, the most delight full of views is the sight of Rashtrapat...
Being Ireland’s first interactive museum for children under 9, it has become extremely popular. Exhibits are fun, exciting and extremely engaging. The musuem has an art studio so kids can get wild with colours and their imagination and a kid’s stage where children can create their own stories, try on different costumes and change the props on the stage. The museum also has a café (Café Kiddiccino)...
Formerly known as the Church of the Saints Sergius and Bacchus, Little Hagia Sophia was constructed between 527 and 536AD by the Emperor Justinian. Supposedly Sergius and Bacchus had visited Justinian's uncle, Justin I, and told him Justinian did not pose any threat, thus sparing the future emperor's life. The emperor built the church upon his accession to commemorate the occasion. ...
The historic Trinity Church is an anachronism in New York’s Financial District. The first Trinity Church opened in 1698, part of the Episcopalian denomination. The current building is the third incarnation, completed in 1846. It is a magnificent example of Gothic Revival architecture and the 86m spire made Trinity Church the tallest building in New York City until 1890. Today the grounds o...