Do Buy, Says Dubai
E-commerce is booming and everyone wants a piece of the pie, including Dubai .
The country recently announced its first free trade zone dedicated to e-commerce in the MENA region: Dubai CommerCity, a multi-million-dollar, 2.1-million-square-foot complex that is a joint venture between Dafza and Wasl Asset Management Group.
The project is designed to promote Dubai's position as a leading platform for international e-commerce, and to support economic diversification and smart transformation strategies. Dubai's aim is for the project to help accelerate the growth of the e-commerce market, which is expected to reach USD $20 billion in 2020 in the GCC countries.
Dubai is banking on CommerCity to provide an environment that stimulates creativity and attracts direct foreign investments in line with Dubai Plan 2021, which aims to create a unique and sustainable economy based on innovation.