In September 2019, Dubai Executive Council approved the Dubai eCommerce strategy, which was prepared by Dubai Free Zones Council, in partnership with Dubai Chamber, Dubai Customs and Dubai Economy, with the aim of solidifying the emirate's position as a hub for global ecommerce.
The strategy aims to:
- cement Dubai as the global logistics hub for the region where ecommerce is set to contribute AED12 billion to the local GDP by 2023
- attract more foreign direct investments in the ecommerce sector
- increase the market share of Dubai-based firms in terms of local and regional distribution to reach AED24 billion by 2022 through slashing business cost of ecommerce activities by 20 percent; business cost includes cost of storage, customs fees, VAT and transportation among others
- reduce paperwork required for customs clearance and reduce fees imposed on goods passing through the free zones.
Updated on 20 Apr 2021