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PRESS RELEASE
Published August 16, 2023
According to the latest report by IMARC Group, titled, “GCC Luxury Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, the GCC luxury market size reached US$ 14.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 25.7 Billion by 2028, exhibiting a growth rate (CAGR) of 10.8% during 2023-2028.
Luxury refers to a state of superior quality, elegance, and exclusivity that often transcends basic functionality or necessity. It encompasses…