ARABIAN BUSINESS - September 7, 2015
The Islamic fashion market is projected to grow by six percent
annually to be worth $327 billion by 2020, according to new figures
released ahead of a major summit being held in Dubai next month.
In 2014, Islamic, or modest, fashion sector expenditure reached $230
billion, constituting 11 percent of the global fashion market.
But the sector will be worth $327 billion by 2020, according to the
upcoming State of the Global Islamic Economy report, to be published in
conjunction with the Global Islamic Economy Summit taking place in Dubai
this October.
The 2015 summit, organised by Dubai Chamber, the Dubai Islamic
Economy Development Centre (DIEDC) and Thomson Reuters, is set to gather
over 2,000 policymakers, thinkers and business leaders on October 5-6
at Madinat Jumeirah.
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