Dubai's Dedicated $870m E-commerce Free Zone Started Commercial Operations


Posted August 9, 2021 by EmerioBanque

The first $870m dedicated e-commerce free zone in the Middle East, Africa and South Asia (MEASA) region has recently started commercial activities. Know more.
 
As per the latest reports on Aug 3, the first devoted e-commerce free zone in the Middle East, Africa, and South Asia (MEASA) region is now introducing its commercial activities signifying a new phase for worldwide e-commerce and trade.

Dubai CommerCity explained that it has successfully leased 30% of its premises within two months in the initial segment of the advancement period of the free zone, which covers over a space of ​​2.1 million square feet and is upheld by an investment of AED3.2 billion ($870 million).

Further, it added that the achievement of the primary stage of leasing signifies the “convincing advantages” the free zone brings for regional, provincial, and global businesses.

Dubai CommerCity has initiated the activity of its custom office, accessible to offer continuous help, 24 hours per day, 7 days seven days.

Additionally, it is also providing special launch opportunities for investors as a component of the beginning of commercial tasks, through an “Early Bird Campaign”, facilitating clients an opportunity set aside to 50 percent on the expense of setting up their organizations inside the free zone.

The reason-built development is established to speed up the existing noticeable increase witnessed in e-commerce business set-ups and online retail in Dubai and across the UAE.

Now getting started in the Umm Ramool area close to Dubai International Airport, Dubai CommerCity facilitates an e-commerce strategy discussion, assistance on e-commerce regulations in the area, and end-to-end logistics arrangements consisting of warehousing and last-mile delivery.

According to Dr. Mohammed Al Zarooni, director general of DAFZA, “What we have gained in the initial stage of the commercial activities is a crucial accomplishment in estimating the future of e-commerce and speeding up its development in the area. In just under three years of growth, we have figured out how to transform a dream into reality and an idea into a physical, top-notch office that will motivate an entirely different age of business freshers and trend-setters.”

Al Zarooni further added, “The pandemic has made a genuinely strong economy and the approaches used are constructing paths for innovation, critical thinking, and coordination on a level not experienced before. The GCC’s e-commerce market alone is relied upon to be worth generally $50bn by 2025 and this free zone will assume a critical role in understanding the genuine financial worth of this area ”

According to DeVere Forster, chief operating officer, Dubai CommerCity, “This is a memorable & important moment for the UAE and the more extensive area which for a long time has been the focal point for development and technological measures. We notice our surroundings consistently, the mind-blowing change of e-commerce and trade and presently we have a devoted home for its future development and improvement.”

Forster added, “Dubai CommerCity holds vital importance and provides first of its sort arrangement, services & offerings to organizations of all sizes and niches. ”

Dubai CommerCity is partitioned into three bunches - the Business, the Logistics, and the Social.

Dubai CommerCity explains that it will be disclosing new office premises in October 2022, and will also be introducing stage 2 of its Logistics Bunch during the same month.

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Issued By Emerio Banque
Country United Kingdom
Categories Banking , Finance , Services
Tags dubai commercity , ecommerce , trade finance
Last Updated August 9, 2021