Waleed Ahmed🇨🇦’s Post

MENA’s ecommerce sector 'is on pace to reach $57bln by 2026'! The Middle East and North Africa (MENA) region, which saw its e-commerce market size reach $37 billion in 2022, is estimated to reach $57 billion in 2026. Meanwhile, the global e-commerce retail sales are expected to reach nearly $7 trillion by 2024. The global forecast growth rate for 2023 is 8.9%, bringing e-commerce sales worldwide to $5.9 trillion in 2023, a 1.8% increase from last year. Multiple factors have contributed to this forecast including the conclusion of the Covid-19 pandemic, the region’s strong economic stability, modern infrastructural development, innovative technological advancement, and several government-led initiatives. Furthermore, the rise of apps that are dedicated to easy and fast e-commerce services is proving to be a driving catalyst as digital usage skyrockets. Government and economic factors have also contributed significantly: Mena countries' developed infrastructure, supportive policies and economic stability, as well as investments into technology to cater to a young and tech-savvy population, drove the region's strong digital landscape development. ....................................................................... At Ghassan Aboud Group we are leading the way with region's largest digital centric B2B platforms transforming traditional trade across UAE & beyond for automotive & FMCG with BuyGro & BuyParts24! Thanks to IDRF | International Digital Retail Forum 24TTL & DIFC DIFC Innovation Hub for this ecommerce community gathering providing a great opportunity for knowledge sharing and learning from the brightest minds across the region! Haris Mumtaz #DigitalDisruption #Ecommerce #UAE #Innovation #DigitalDistribution #Growth

The United Arab Emirates has embraced e-commerce with a robust digital infrastructure, fostering a dynamic online marketplace. The government's forward-thinking policies, such as the UAE National Innovation Strategy and Dubai's 2021 e-commerce strategy, have stimulated growth, ensuring a secure, user-friendly environment for both consumers and businesses. Investment in logistics and tech startups, alongside high smartphone penetration and a tech-savvy population, has made the UAE a regional e-commerce hub. Cross-border e-commerce also thrives due to strategic global partnerships and free zones, positioning the UAE as a gateway between East and West in the digital economy. United Arab Emirates has become a powerhouse in the Middle East’s e-commerce sector. Bolstered by a compound annual growth rate (CAGR) of around 23% from 2018 to 2022, the market is expected to reach a value of nearly $8 billion by 2025. The UAE boasts one of the highest internet penetration rates in the region at over 91%, with mobile transactions accounting for a significant portion of e-commerce sales. #E_Commerece_Market. #international_Online_Shopping. #UAE_E_Commerece

5 Reasons to Launch an E-Commerce Business in the UAE: 1️⃣ Booming Digital Economy: The UAE has a rapidly expanding e-commerce market with high internet penetration 📊. More consumers are shopping online, making it a prime location for digital business. 2️⃣ Strategic Location: Located at the crossroads of Europe, Asia, and Africa 🌍, the UAE serves as a gateway for global trade, allowing for easy expansion into international markets. 3️⃣ Tax Benefits: The UAE offers a business-friendly environment with zero personal income tax and relatively low corporate taxes 💼, which can increase profitability. 4️⃣ High Purchasing Power: The UAE has one of the highest per capita incomes in the world 💸. Consumers are willing to spend on high-quality goods and services, making it an attractive market. 5️⃣ Growing E-Commerce Infrastructure: With advanced logistics, efficient delivery services 🚚, and widespread smartphone usage 📱, launching an e-commerce business in the UAE is easier than ever. #ECommerceUAE #DigitalEconomy #BusinessSetup #StartUpUAE #UAEEntrepreneurs #OnlineBusiness #GlobalTrade #TaxBenefits #BusinessGrowth #ECommerceTrends #UAEBusiness #MarketOpportunities #ECommerceSuccess

The 2023 e-commerce market in the UAE reached AED 27.5 billion, with projections to exceed AED 48.8 billion by 2028, according to the fourth edition of the E-commerce in the Middle East and North Africa 2023 report by EZDubai.ae in partnership with Euromonitor International . #digitaleconomy #ecommerce #business

🌟 Exciting Insights into Middle Eastern E-Commerce 🌍 Dive into the dynamic world of Middle Eastern e-commerce with a plethora of opportunities waiting to be harnessed! Just like a thriving oasis in the desert, the region's e-commerce industry is on a meteoric rise, set to hit US$13.78 billion in revenue by 2023. 🚚 **Logistics Evolution**: Logistics companies are transforming the industry, promoting B2C and D2C retail with tailored solutions like smart cold-chain logistics. 📲 **Social Commerce Surge**: Social media isn't just for likes, it's a hub for commerce too, driving a massive 24.2% CAGR in the social commerce industry by 2028. 🌍 **Cross-Border Demands**: The allure of foreign products is on the rise, with 60% of UAE shoppers opting for international purchases. This is just the tip of the e-commerce iceberg! From buying now and paying later to the blossoming quick commerce revolution, the MENA region is brimming with innovation and potential. Are you ready to ride the wave of Middle Eastern e-commerce? https://lnkd.in/gj66aygX

The UAE’s e-commerce market is thriving, and tapping into its potential requires a strategic approach. Here’s how you can stand out:👇🏻

The UAE's E-commerce Boom: Reaching New Heights by 2028 Fascinating stats from a recent report by EZDubai predict a massive surge in the UAE's e-commerce market, reaching a whopping AED48.8 billion by 2028! This impressive growth is fueled by several factors: A tech-savvy young population driving online adoption. Strong government support for e-commerce regulations and infrastructure. Significant investments in creating a robust digital ecosystem. The report also highlights some interesting consumer trends: Clothing & footwear, consumer electronics, and media products lead the e-commerce pack. Mobile shopping reigns supreme, with consumers valuing convenience and potential cost savings. Credit and debit cards remain the preferred payment method, reflecting trust in traditional banking systems. This growth isn't limited to the UAE. The entire MENA region's e-commerce market is expected to reach AED183.6 billion by 2028, with a growth rate of 11.8% witnessed in 2023 alone. Mobile commerce is a major driver, with its value quadrupling in the UAE and Saudi Arabia since 2018. Experts attribute this regional surge to factors like: Widespread access to high-speed internet. Government policies promoting digital payment infrastructure and logistics. The future of e-commerce in the UAE and MENA is certainly bright! #UAE #ecommerce #ecommercetrends #MENA #digitaleconomy #Dubai

#DidYouKnow that the UAE e-commerce market is on the verge of a significant boom, projected to reach a staggering value of 17 billion USD by 2025? This remarkable growth is a testament to the evolving consumer landscape and the increasing reliance on digital platforms for shopping. As technology continues to reshape the way we shop, this forecasted expansion highlights the immense potential for businesses and entrepreneurs to thrive in the ever-growing e-commerce ecosystem of the UAE. Stay tuned for exciting opportunities and innovations in this dynamic market! Visit us 👉 https://bit.ly/3RCYd3B #alisuq #alrais #ecommerce #uae #ecommerceindustry #ecommercetrends #realeastate #buildingmaterials #constructionmaterials #onlineshopping #onlinepayments #digital

Click Your Way to Success: The Booming UAE E-commerce Market Awaits** Online shopping in the UAE is exploding, with a projected growth of 15% in 2024. This $5.4 billion market is fertile ground for e-commerce ventures, ready for the next big click. Success Story: Take Noon.com, a Dubai-based e-commerce giant that disrupted the region. Your brand can be the next household name in the UAE's booming online market. Market Advantage: A tech-savvy population, rising disposable income, and convenient logistics infrastructure make the UAE an e-commerce paradise. MSZ Support: We handle logistics, legal compliance, and digital marketing, freeing you to focus on building your online empire. We'll optimize your platform and connect you with the right customer base. Call to Action: Don't get left behind in the digital dust. Contact MSZ Consultancy today and let's conquer the UAE's e-commerce frontier! #UAEEcommerce #ClickHereForSuccess #FastTrackYourBrand

Saudi Arabia's e-commerce market is expected to soar to an impressive $44 billion by 2030, reflecting the kingdom's booming digital economy. This significant growth showcases the increasing shift towards online shopping and the expanding opportunities in the digital marketplace. Looking forward to witnessing the continued success and innovation in Saudi Arabia's e-commerce landscape! 🚀💻🛒 #Ecommerce #SaudiArabia #DigitalEconomy #Innovation"