Page 86 - SAMENA Trends - September-October 2022

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

REGIONAL NEWS

UAE e-Commerce Business Set to Gain Momentum in the Post-Covid Era

E-commerce in the UAE is set to gain further E-commerce sales in the UAE are estimated rise and looking to invest, expand your
momentum as more businesses and shops to grow by an average of 23 percent per business, or going to launch a start-up in
gear up to strengthen their online services annum between 2018 and 2022, according the UAE, reach out to Business Link. We will
in the post-Covid-19 era, experts say. to Statista. Faisal Qureshi, Chief Marketing offer you a step-by-step guide to establish
Hatem El Safty, CEO of Business Link, said Officer at Business Link, said the UAE's your base in one of the fastest growing
the UAE's e-commerce sector is growing e-commerce sector has a promising economies in the region,” El Safty said.
at a faster pace and soon it will join global future as more investors are keen to set Additionally, he said investors can also
powerhouses like the United States and up their businesses in the country. "We consult the business advisor group for a
China as high-net-worth individuals and have observed an increasing trend of free session if they choose to discuss some
millionaires flock to the emirate and show entrepreneurs wanting to start a business prospects. “E-commerce growth continues
interest in Information Technology, online in the UAE. Especially post-Covid, increased to accelerate in the coming months. The
services, and start-ups. "Based on the people are interested in setting up their sector has the potential to be tremendously
recent inquiries we have received; it is business here because of the incentives profitable, partially due to the nation's
evident that the UAE has become a global and support from the government," Qureshi young and tech-savvy demographic,” El
favorite for entrepreneurs and investors said. “If you are an entrepreneur on the Safty concluded.
alike. Most inquiries come from Sri Lanka,
Russia, Egypt, and the UK and we are
incredibly positive about this influx of
interest from foreign investors," El Safty
said. Elaborating, he said rising internet
penetration, growing incomes, increasing
presence of international players, and quick
adoption of digital payment solutions drove
significant growth in the e-commerce sector
during the pandemic. The UAE e-commerce
market is expected to reach $27 billion this
year chiefly due to exponential growth in
Dubai's small and medium enterprises as
the emirate hosts more than 10,000 SMEs.

UAE Ranks Third in the World in Internet Speed, 44th in Digital Well-Being

According to a recent report, the UAE over the world and ranks quality of life world - 54 per cent better than the global
ranks 44th in the world regarding digital based on digital factors such as internet average. Internet quality takes into account
well-being. The Digital Quality of Life Index speed, quality, affordability and security. speed, stability and growth. The Emirates
(DQL) studies over 7.2 billion people all The UAE's Internet quality ranks third in the mobile Internet speed ranks higher than
fixed broadband in the global ranking,
at 247.7 Mbps/s. Since last year, DQL
reports, mobile Internet speed in the UAE
has improved by 29.8 per cent, and fixed
broadband speed has increased by 28.1
per cent.
Source: The Digital Quality of Life Index
(DQL) studies over 7.2 billion people all
over the world and ranks quality of life
based on digital factors such as internet
speed, quality, affordability and security.

86 SEPTEMBER-OCTOBER 2022