100 billion e-commerce sales in the UAE by 2022

(MENAFN – Al-Bayan) Source: Date: December 09, 2020 Ahmed Mahboob Musabih, Director General of Dubai Customs, confirmed that Dubai Customs is preparing for the next 50 years by developing a ‘cross-border e-commerce platform, the first of its kind in the region, to support the needs of all partners in the supply chain for e-commerce and increase the share of companies located in Dubai in local and regional distribution. For e-commerce, by reducing the total cost of e-commerce operations by 20%, which includes the costs of return goods, storage and transportation, as e-commerce sales in the UAE are expected to grow by 23% to reach $ 27 billion ‘100 billion dirhams in 2022, and recent data indicate the achievement of 10% growth is expected in consumers’ use of electronic shopping channels after the ‘Corona’ pandemic, as this pandemic has boosted Internet marketing of goods as a result of the shift in consumer behavior.

Musabih said on the sidelines of the GITEX exhibition that the opportunity is ripe for Dubai to become a pivotal center in conducting cross-border e-commerce, especially in the African, Gulf, Middle Eastern and South American markets, after Dubai recently ranked first in the list of the fastest growing e-commerce markets at the level of The Middle East and North Africa, thanks to continuous innovations in digital adoption, a growing number of consumers interested in technology, and a world-class logistics infrastructure.

Dubai Customs plays a major role in the strategy of Dubai, the capital of the new economy, by supporting future economy companies, the most important of which are e-commerce companies, developing commercial facilities and reducing costs to establish regional centers for them in Dubai. Dubai Customs is working on developing a smart e-commerce platform, one of the main projects participating in GITEX Technology Week. , Which launches under the slogan ‘We innovate for a sustainable economy.

The cross-border e-commerce project launched by Dubai Customs in cooperation with its partners aims to transform Dubai into a global e-commerce center according to the Dubai e-Strategy, and to encourage companies and investors in the field of e-commerce to be present in Dubai and benefit from its technical and logistical services.

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