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- High net worth individuals and millionaires flock to the emirate and show interest in information technology, online services and start-ups
- Rising internet penetration, rising revenue, rising international players, and rapid adoption of digital payment solutions have fueled significant growth in the e-commerce segment
- The UAE e-commerce market is expected to reach US$27 billion this year, mainly due to the exponential growth of SMEs in Dubai, as the emirate is home to more than 10,000 SMEs
- E-commerce sales in the UAE are estimated to grow by an average of 23% annually between 2018 and 2022
Dubai –– E-commerce in the UAE will gain further growth as more businesses and stores step up online services in the post-Covid-19 era, experts say.
Hatem El Safty, CEO of Business Link, said the UAE’s e-commerce industry is growing at an even faster pace and will soon join the ranks of global powerhouses such as the US and China as high net worth individuals and millionaires flock there. Interested in information technology, online services and start-ups.
“Based on the inquiries we have received recently; it is clear that the UAE has become a global favourite for entrepreneurs and investors. Most inquiries have come from Sri Lanka, Russia, Egypt and the UK and we are very optimistic about this influx of investors. Foreign Investor interest,” El Safty said.
He elaborated that the rise in internet penetration, growth in revenue, increase in international players, and rapid adoption of digital payment solutions have driven the significant growth in the e-commerce sector during the pandemic.
The UAE e-commerce market is expected to reach $27 billion this year, largely due to the exponential growth of SMEs in Dubai, as the emirate is home to more than 10,000 SMEs. According to Statista, e-commerce sales in the UAE are expected to grow by an average of 23% annually from 2018 to 2022.
Faisal Qureshi, Chief Marketing Officer of Business Link, said the UAE’s e-commerce industry has a bright future as more investors are keen to do business in the UAE.
“We have observed an increasing trend of entrepreneurs looking to do business in the UAE. Especially after the pandemic, more and more people are interested in doing business here due to government incentives and support,” Qureshi said.
“If you are a rising entrepreneur looking to invest, expand your business, or intend to start a startup in the UAE, please contact Business Link. We will provide you with a step-by-step guide to help you grow in the region Build your base in one of the fastest economies,” El Safty said.
In addition, he said, if investors choose to discuss some prospects, they can also consult a free meeting of a panel of business advisors. “The growth of e-commerce will continue to accelerate in the coming months. The industry has the potential to be hugely profitable, partly due to the country’s young and tech-savvy population,” concluded El Safty.
About Business Links (https://www.businesslinkuae.com/)
Founded in Dubai in 1999, Business Link has helped over 20,000 people realize their business dreams. It specializes in helping new and existing businesses set up in the UAE and Saudi Arabia. They provide services from mainland and free zone company formation to PRO, corporate legal services and commercial licensing for all business types.
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