TECHNOLOGY

Dubai launches first regional e-commerce free zone through CommerCity

The project is hoping to accelerate the growth of the e-commerce market which is expected to reach USD 20 billion in 2020 in the GCC countries. (WAM)

Dubai CommerCity, a multi-million dollars, 2.1-million square feet joint venture between Dafza and wasl Asset Management Group, was launched on Saturday by Shaikh Ahmad Bin Saeed Al Maktoum, Chairman of the Dubai Airport Freezone Authority (Dafza), according to a statement from WAM.

Dubai CommerCity, the first free zone dedicated to e-commerce in the MENA region, is strategically intended to promote Dubai’s position as a leading platform for international e-commerce and to support economic diversification and smart transformation strategies.

The project is hoping to accelerate the growth of the e-commerce market which is expected to reach USD 20 billion in 2020 in the GCC countries. It will provide an environment that stimulates creativity and attracts more direct foreign investments in line with Dubai Plan 2021 which aims to create a unique and sustainable economy based on innovation.

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Last Update: Saturday, 28 October 2017 KSA 20:07 - GMT 17:07
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