According to a recent study conducted by the World Economic Forum, the United Arab Emirates ecommerce market value is expected to reach USD 27.2 billion by 2020.
The United Arab Emirates (UAE) are expected to account for 40% of total ecommerce in the Middle East by 2020, especially after the country joining the Trade Facilitation Agreement in 2017.
Locally, according to Trade Arabia, UAE’s development in the digital economy sector is a priority for the government. In this sense, there is ongoing coordination between ministries in order to establish a federal ecommerce platform.
Going forward, the country is expected to reinforce its position in the digital economy in the following two years, considering UAE’s innovations in ecommerce, the improvements seen in IT infrastructure and the growing market for internet services and electronic payment systems, along with the ubiquitous use of smartphones.
According to the a top created by the World Economic Forum, the UAE was ranked as the leading Arab and regional ecommerce centre in 2017, considering the national ecommerce market growth, which contributed to reinforcing the competitiveness of the UAE’s national economy.