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I will open a gift wrapping shop in UAE What it market opportunity? avedance that there...

I will open a gift wrapping shop in UAE
What it market opportunity?
avedance that there is demand in UAE for this business. with reference.thanka

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Answer #1

Firstly in order to open a gift shop in UAE we need to study the market i.e the spending of people for gifts .

We must carry out a thorough market overview to see what are the opportunities for the gift wrapping shops ,who are the competitors .

Presently we are seeing that the market of gift packaging is having impressive opportunities because of increasing consumer spending not only that we have seen increased spending on luxury products such as perfumes , watches ,etc

Since UAE is one of the best tourist place in the world and we see tourists coming to UAE throughout the year its a added advantage for the gift wrapping businesses to flourish as tourists are found to spend more on gifts , luxury items and souvenirs.

Hence we see that there is good opportunity for gift wrapping shops in UAE.

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