Industry experts at the Arab Luxury World conference in Dubai projected regional countries in the Middle East to experience sustainable growth in the upcoming years. Such growth can be accredited to increasing consumer spending and tourist visits. As Bain & Company Middle East partner, Cyrille Fabre, reported to Gulf News, “Consumers in the Middle East have the highest per capita spending on luxury goods.” However, he also noted how  “the vibrancy of this market [has] given light to a more cautious spending consumer, who shows high preference for well-known brands and logos.”