The Canadian PressFebruary 14, 2014 05:16
DUBAI, United Arab Emirates - Dubai and luxury are nearly synonymous. The city is home to the world's tallest tower, massive man-made islands in the shape of palm trees and a fleet of police cars that includes a Ferrari, a Lamborghini and a $2.5 million Bugatti Veyron.
Now, to boost its glamour factor and economy, the city has its eyes set on the multi-billion-dollar-a-year global fashion industry, which is currently dominated by the U.S., Europe and Japan.
But in the Middle East, Dubai is the powerhouse, raking in almost half of the region's market share of retail spending.