Costco in UAE?

This question comes up here every few years, on why it doesn't exist, so I actually went and modelled it properly instead of guessing.

The longer answer: the reason isn't because of market size, it's a foreign-ownership rule that got repealed in 2021, plus the big-box land problem that's never been solved. I built a bottom-up financial model (not a vibes-based take) to size what entry would actually look like. Happy to share methodology or answer questions about the model in the comments, or you can ask for the full brief and I will PM it to you!