USA2UAE.COM

Dubai Shopping Festival is Coming, But Will It Be Doomed By the Economic Downturn?

With just a fortnight to go, the mother of all shopping festivals — the Dubai Shopping Festival 2009 (DSF) — is coming back to town.

Scheduled to begin on January 15, the 14^th edition of the DSF is set to open at a time of global financial turmoil, but the organisers say DSF 2009 will deliver.

Dubai looks her best during the DSF when every nook and corner of the city is lit up with over a million lights and colourful decorations.

Over 3.2 million people visited DSF 2008 with the expenditure touching Dh10 billion.

The participating retail outlets of the DSF and the various shopping malls are expecting a windfall. With the December sale already in session at the various retail outlets across the city, products are being sold at discounts of over 70 per cent.

Though they have not yet announced the promotional offers for the season, retail outlets have pledged their entire support to the DSFO (Dubai Shopping Festival Office) by lining up attractive discounts and raffle draws to lure the crowds into the shopping malls and retail outlets.

Shaikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Airports and Chairman of Dubai Shopping Festival Office (DSFO) Supreme Committee said the UAE economy is robust enough to ride out the current difficulties and continue to achieve good economic growth rates.

“There is a tireless endeavour to tackle the economic turmoil and hold events that can contribute to reviving several economic sectors, primarily retail trade and tourism,” he said.

“This year’s edition of DSF comes at a time when the entire world is experiencing an acute period of economic crisis with a number of leading world economies having drifted into economic recession.”

He stressed on the importance of strong partnership between the private and public sectors…SOURCE

If you enjoyed this post, make sure you subscribe to my RSS feed!

Tags: Acute Period, Al Maktoum, Attractive Discounts, Dsf, Dsfo, Dubai Shopping Festival, Economic Crisis, Economic Downturn, Economic Growth Rates, Economic Recession, Economic Sectors, Economic Turmoil, Global Financial Turmoil, Million Lights, Public Sectors, Retail Outlets, Shopping Malls, Supreme Committee, Th Edition, World Economies