Dubai Chamber of Digital Economy, one of the three chambers operating under Dubai Chambers, has hosted the sixth episode of a series of digital industry workshops focusing on the e-commerce market.
Attended by Dubai’s e-commerce industry leaders, the workshop saw discussions on topics surrounding regulations, funding, talent, and infrastructure. The dialogue sought to provide clarity and a better understanding of the opportunities and challenges faced by e-commerce companies.
“Dubai Chamber of Digital Economy is committed to supporting the growth of Dubai’s digital economy. It looks to cement the emirate’s position as a global destination for digital companies. As such, we will continue to support members through various initiatives including events like this. We will ensure we involve all stakeholders in building a roadmap. In turn, we want to find solutions to the challenges faced by digital industry leaders,” said Mohammad Ali Rashed Lootah, president and CEO of Dubai Chambers.
“The e-commerce landscape is rapidly evolving. Engaging with stakeholders in a transparent setting is essential in helping us understand the challenges companies face. It enables us to carry out our role in advocating to improve Dubai’s business environment. It lets us establish the emirate as a leading e-commerce marketplace,” he added.
UAE’s e-commerce landscape
The UAE’s e-commerce landscape has thrived in recent years, through major investments, acquisitions and partnerships with global companies. According to ecommercedb.com, it is the 27th largest market for e-commerce. Its projected revenue is $17.2billion by 2027 at a compound annual growth rate of 8.4 per cent between 2023-2027.
Rising demand for online shopping and the improvement and modernisation of payment systems and services are supporting the growth momentum of the UAE’s e-commerce sector. This is in addition to steady infrastructural investment flows.
The Chamber commits to involving all relevant parties in building a roadmap and finding solutions to the challenges discussed. It aims to reconvene with representatives of these sectors to continue the conversation and track the progress that the discussions, ideas, and initiatives have made.
Dubai Chamber of Digital Economy plays a prominent role in engaging stakeholders from various digital sectors. It aims to promote an environment that is truly conducive to the growth of the digital economy and the role of advanced technology in society.