UAE e-commerce sector emerges as fastest-growing economic segment in Middle East
By: WAM
Photo: WAM
Dubai: The UAE e-commerce sector emerged as the fastest-growing economic segment in the Middle East in terms of value sales, supported by rising digital connectivity, infrastructure and substantial growth in consumer electronics, apparel and footwear, based on the findings of the ‘E-Commerce Sector in the UAE 2020 insights’ report.
The report was launched by EZDubai, the fully dedicated e-commerce zone in Dubai South, in partnership with Euromonitor International the world’s leading provider for global business intelligence, market analysis and consumer insights and Jones Lang LaSalle (JLL), a leading professional services firm that specialises in real estate and investment management.
UAE e-commerce sector ‘fastest growing in Middle East’
DUBAI, 5 hours, 14 minutes ago The UAE e-commerce sector emerged as the fastest-growing economic segment in the Middle East in terms of value sales supported by rising digital connectivity, infrastructure and substantial growth in consumer electronics, apparel and footwear, a report said. The report titled “E-Commerce Sector in the UAE 2020 Insights” was launched by EZDubai, the fully dedicated e-commerce zone in Dubai South, in partnership with Euromonitor International the world’s leading provider for global business intelligence, market analysis and consumer insights and Jones Lang LaSalle (JLL), a leading professional services firm that specialises in real estate and investment management.
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Oman: Towards a thriving logistics sector
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With ecommerce set to boom in the Sultanate, the country’s logistics sector is heading for exciting times.
The Sultanate ranks 12th globally in terms of competitiveness, and fourth for business fundamentals, in the Agility Emerging Markets Logistics Index released this year. Notably Gulf countries have shown spectacular growth in the sector driven largely by a pro-business environment supported by streamlined policies and regulations, huge investments in developing the logistics and transport infrastructure, and a focus on strategic digital capabilities.
Logistics sector forms one of Oman’s key pillars for economic diversification, and the efforts by authorities have boosted Oman’s rank in the World Bank’s Logistics Performance Index 2018 by five positions from 48th to 43rd, while its Global Competitiveness ranking improved by 19 places from 66 to 47, driven by a leap to the 18th rank in ports’ ef
Centre to form high-level panel to monitor plan for multi-modal connectivity
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Through the plan, the commerce and industry ministry would map all existing and proposed economic zones along with the multi-modal connectivity infrastructure projects on a single platform.
The initiatives are part of the government’s plan to reduce India’s logistics costs by 5% over the next five years and help it break into top 25 countries in major global logistics-related performance indices.
The government will soon set up a high-level panel to fast-track implemention of a National Master Plan that seeks to provide multi-modal connectivity across the country to reduce logistics cost in a time-bound manner and improve competitiveness of local manufacturing.