Event Description

Optical Middle East provides a gateway to a wealthy and rapidly developing market.

The past years have seen huge expansion in the economies of the Arabian Gulf States fuelled by enormous oil and gas revenues and highly successful moves in to large scale retail, property and tourism ventures.

Imports of quality optical products across the Middle East were estimated at over US$2.2 Billion in 2007.

Retail space in the Arabian Gulf is growing by over 50% per year and is expected to exceed 11 Million square metres by the end of 2010. The United Arab Emirates alone boasts some of the largest shopping malls in the world. Many of these malls contain a wide variety of modern high quality opticians and outlets retailing sunglasses.

Abu Dhabi currently boasts the highest GDP in the world at US$46,147. The Arabian Gulf States boast year round sunshine, high tax free incomes, and young fashion conscious populations. The combination of these factors means that regional consumers are happy to spend significant sums of money on optical products.

The Emirates has the world's second highest rate of diabetes which in turn is leading to a dramatic rise in the number of visually impaired requiring eye surgery and treatment. Spending on Medical & Surgical products is currently booming with an estimated total import value of in excess of US$92 Billion in 2007 with a yearly growth rate of 13.6%.

Opticians enjoy higher than average per capita business based on the fact that over 50% of people in the United Arab Emirates require vision correction.

You can learn more about this event by visiting - www.opticalexhibition.com

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