Financial Times FT.com

Outlook dims for glittering malls

By Andrew England in Abu Dhabi

Published: December 3 2008 19:10 | Last updated: December 3 2008 19:10

Clichés abound in the Gulf, but one that resonates more than others is the notion that shopping has become a national pastime, with glitzy malls opening across the region.

It is a trend that Fawaz Alhokair Group, a Saudi retailer, has tapped into since three brothers joined forces to launch a company with just two men’s wear stores.

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