| Every January, for the past 16 consecutive years the Dubai Shopping Festival (DSF) has and boosted the retail trade industry in Dubai, catering to visitors from all over the world with its attractions and special deals. The event, which lasts for 32 days, is an important part of Dubai's revenue, entertaining tourists and residents alike with shows and promotions around the clock. "The Dubai Shopping Festival plays a major role in supporting the economy of Dubai and boosting it in various sectors, some sectors more than others," said Laila Suhail, chief executive officer for festival organizer Dubai Events and Promotions Establishment. However, this year so far, sales have decreased in comparison with previous years, as many customers are spending less on retail. Retailers say the instability of the global economy is the reason. "The momentum from December onwards has been very positive, and if you see the first few days of January -- I don't have the sales yet -- but if you see the footfall, it has been very positive; there are lots of tourists, lots of residents shopping, lots of shopping bags, so I am quite optimistic," said Fuad al-Najjar, asset director at the Deira City Centre, one of the major shopping centers taking part in the festival. The DSF, which started in 1996 as a government initiative, not only offers discounted prices, but also gives shoppers the chance to win gold, cars, jewelry and other prizes. In addition, and firework displays and strolls through ... |
