During the pandemic, brick-and-mortar stores took a back seat, and the e-commerce world was taken by storm.
While China is known to be one of the leading e-commerce industries, other markets are also meeting their pace.
The digital shift encouraged more people to build their businesses online. Hence, companies took this opportunity to work online. According to a Statista report, the e-commerce market in the United Arab Emirates is expected to reach 17 billion U.S. dollars by 2025. That is certainly one reason why you will find many shopify development companies in Dubai that provide full e-commerce website development services.
Let’s explore how.
Strong Government Supported Incentives
The UAE government ensures businesses have a smooth, systematic, cost-effective, and hassle-free online business experience. Aiding in the sector’s growth, the local laws and regulations favor the business owners and operators.
One example is the Dubai CommerCity (DCC) incentive, which allowed not only regional but also global businesses to establish themselves in the Middle East, as well as parts of North Africa — also known as MENA.
This included benefits such as
- Swift, automated business registration and licensing.
- Seamless e-commerce platform integration.
- Innovative CRM tools for enhanced service.
- Access to diverse service providers for e-commerce growth.
- Networking, marketing, and talent acquisition support.
- 0% corporate or income tax.
- 100% foreign company ownership.
- Unrestricted flow of capital and profits home.
While 90% of the US population uses the Internet, in UAE, the number goes up to a staggering 99%, according to a report. This increased use of the internet and smartphones shapes the future of the e-commerce industry. If you set up your business online, you can reach maximum potential customers. Likewise, if you hire ecommerce app development company in Dubai for m-commerce app development you can increase your sales.
With the latest tools and information, online businesses can effectively and efficiently run their operations. Plus, they can make informed decisions for the growth of their business. In 2020, Dubai was the first city fully powered by blockchain. While that is only the tip of the iceberg, other efforts are made by companies for implementation, skills development, and security enhancement.
Ease of Transaction
Not only is UAE top ten in using social media and the Internet, but people are also highly inclined towards using their e-wallets. With e-commerce gaining popularity, the demand for robust and safe payment getaways also rises. Whether a small business or a large company — reliable payment solutions are essential to grow your business. This is why UAE offers a myriad of options ranging from PayPal to Stripe and many more.
Gazing Into the Future
The future of e-commerce in the UAE is bright, with rapidly growing trends and developments shaping the industry. If you want to be in the e-commerce business you may hire us to develop your shopify ecommerce store.
To improve customer experience and efficiency, technology such as AI, automation, and robotics will continue to increase. We are also ascertain to notice the demand and growth of last-mile delivery services. UAE’s location also allows it to continue cross-border e-commerce services.
With continued innovation, the overall future of the UAE looks promising. So, whether you are an online small business owner looking to expand or seeking a reliable shopify website maintenance service, you are in for exciting developments in the UAE e-commerce industry.