Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Dubai capable of leading $15 billion e-commerce market  Join our daily free Newsletter

MENAFN - Khaleej Times - 07/12/2013
No. of Ratings : 0
Add to Mixx!

(MENAFN - Khaleej Times) An overwhelming majority of trade and industry experts believe that Dubai has the necessary logistics capabilities and infrastructure needed for it to become the e-commerce gateway to the region.

According to a poll conducted at the Jafza Associates Forum 2013, held recently under the theme 'Dubai E-Commerce Centre of the Region: Drivers, Challenges and Opportunities,' 97 per cent of the attendees felt that Dubai has the right infrastructure to position itself as the leading hub of e-commerce in the region.

Specifically, the attendees polled saw logistics capabilities, infrastructure, access to the Internet, and regulations and standards for e-commerce as Dubai's strong points. But, about half (52 per cent) felt that in order for Dubai to lead the region in e-commerce, regulation and standards as well as Internet penetration needed to be improved from their current levels.

A panel discussion with leading logistics and e-commerce experts Hussein Hachem, CEO of Aramex; Ayaz Maqbool, managing director of Tejuri.com; and Adil Al Zarooni, the senior vice president of Jafza sales, was also part of the event proceedings. Panelists also highlighted Dubai's infrastructural readiness, but pointed out that regulations needed to be improved, especially at the GCC level, to give e-commerce a boost in the region.

Hachem said that a huge opportunity exists for Dubai in taking the lead because of its unique position of regional hub, while Maqbool highlighted the prominent role currently being played by Dubai, and lauded the efforts of the Dubai Department of Economic Development insupporting and helping promote electronic commerce locally. He said that banks need to come up with a faster turnaround times, easier processes, and cost-effective solutions to promote businesses to set up merchant accounts in order to be able to sell online.

The Mena region's offline retail market is worth 425 billion, with e-commerce spending at 9 billion in 2012. This figure is expected to grow to 15 billion by 2015. However, despite 47 per cent of the population having payment cards, cash and cheques are the most commonly used payment instruments, while 70 to 80 per cent of consumers use 'cash on delivery' as the preferred payment method for online shopping. A majority of the consumers cite lack of trust in payment options as the main reason for not using online payment methods, according to the latest statistics.

The Jafza Associates Forum brings together the Free Zone's key partners, such as foreign trading and promotion agencies, UAE government agencies and promoters, as well as consultants and service providers, who help promote Jafza products and services to targeted customers and industries. The annual event is part of Jafza's philosophy of staying abreast of market trends, and provides the Free Zone with the opportunity to discuss trade and industry developments with its key partners.

The forum was attended by Salma Ali Saif bin Hareb, CEO Jafza and Economic Zones World; Talal Al Hashemi, chief operating officer; Ibrahim al Janahi, deputy CEO and chief commercial officer Jafza and Economic Zones World; along with senior Jafza associates, prominent businessmen, and government officials.


Khaleej Times

  MENA News Headlines
 Nov 26 2015 - Turkey- G20 Communiqu: 34The fight against terrorism is a major priority34The Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Following the two-day summit in Antalya Turkey G-20 leaders released a communiqué calling for greater coordination and information to counter terrorist ...

 Nov 26 2015 - Muslims on 39the front line39 against terror: NATOThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) NATO Secretary General Jens Stoltenberg has said it is Muslims who are on “the front line” in the fight against terrorism and extremism. ...

 Nov 26 2015 - Western Balkans 39key to fighting extremism39The Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) The western Balkans is “key” to stemming extremism and terrorism the president of the European Council said Wednesday. Speaking at a summit to ...

 Nov 26 2015 - Turkey- Syrian Turkmen facing 39critical39 period in battleThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Fighting between Syrian Turkmen forces and regime troops is “critical" the leader of the Turkmen opposition said Wednesday. Russian airpower is ...

 Nov 26 2015 - ISIS kills its Austrian 39poster girl39 after she attempts to flee SyriaThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) An Austrian teenager who fled to Raqqa Syria in order to join the Islamic fundamentalist terror organization Islamic State was beaten to death after ...

 Nov 26 2015 - Kuwait Spain discuss scientific cooperationKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT Nov 26 (KUNA) -- Kuwait Institute for Scientific Research (KISR) and Spanish Nuclear Safety Council (CSN) discussed means of scientific cooperation and ...

 Nov 26 2015 - Kuwait- KNPC upgrades operations at Al Ahmadi refineryKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT Nov 26 (KUNA) -- Kuwait National Petroleum Corporation (KNPC) announced on Thursday upgrading its Fluid Catalytic Cracking Unit at Al-Ahmadi Refinery so as ...

 Nov 26 2015 - Deputy FM: Kuwait interested in tightening airport security in coordination with BritainKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT Nov 26 (KUNA) -- Deputy Foreign Minister Khaled Al-Jarallah said on Thursday Kuwaiti security authorities are keen to work with the British side for ...

 Nov 26 2015 - Al Tayer affirms DEWA's commitment to support UAE national identityEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI 26th November 2015 (WAM) -- Saeed Mohammed Al Tayer MD and CEO of Dubai Electricity and Water Authority DEWA has affirmed DEWA's commitment to ...

 Nov 26 2015 - UAE- YFEL Led Solar Energy Project with Masdar Collaboration Comes Online to Help Power Rashid Abdullah Omran HospitalEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI 26th November 2015 (WAM)--Masdar has completed a 543 KWp photovoltaic (PV) solar power project that is to deliver renewable energy to the Rashid ...




Click to Apply


Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help