The International Air Transport Association (IATA) released data for global air freight markets showing that 2022 full-year demand for air cargo took a significant step back from 2021 levels but was close to 2019 performance.
Research & Studies
Last year, the stock of office space in Dubai rose by 30,000 sq. m. to reach 9.1 million sq. m. Over the same period, the addition of around 8,000 sq. m. in Abu Dhabi pushed up the capital’s total stock to 3.9 million sq. m. In 2023, almost 100,000 sq. m. of office floorspace is expected to be delivered in Dubai and over 35,000 sq. m. in Abu Dhabi.
Souq Al Jubail, a project of Sharjah Asset Management Company, the investment arm of the Government of Sharjah, welcomed upwards of 4,441,226 visitors and successfully achieved significant volumes of vegetable and fruit sales exceeding 2,354 tons during 2022. The excellent turnout and performance thus far has been credited to the Souq’s exceptional quality and integrated services in line with the needs of the market, catering various products, food and fresh supplies under one roof, as well as a series of events and campaigns organised by the market throughout the year.
KPMG Saudi Arabia, has published the results of its 2022 global annual Customer Experience Excellence (CEE) survey. This 13th global edition, and the second to run in Saudi Arabia, is based on inputs from 1,550 consumers in Saudi Arabia measured against inputs from 89,000 consumers across 25 countries worldwide.
The electric vehicle (EV) market in the Middle East region is still in its early stages, but it is showing promising signs of growth. The macro landscape of the region is characterized by increasing oil prices and a dependence on fossil fuels. However, the growing awareness of environmental issues and the need to reduce greenhouse gas emissions is driving the adoption of EVs in the region.