Analyst at Barclays Says the Middle East Is Expected to Be the Fastest Growing Luxury Market in 2023

1月 11, 2023

A few days ago, an analyst at Barclays Plc, one of the largest commercial banks in the UK, said that the Middle East is expected to become one of the fastest-growing luxury goods markets in 2023, and Louis Vuitton owner LVMH Group, Cartier owner Richemont is the most likely to benefit.

Analysts at Barclays Bank believe that high oil prices support the prosperous economic conditions and population growth in the Middle East, so they are optimistic about the market development in the region. At present, many countries in the region continue to increase their efforts to attract foreign t …