‘Dubai CommerCity’, the first free zone for e-commerce in the Middle East North Africa region, was launched recently in the Umm Ramool area. The joint venture between Dubai Airport Free Zone (DAFZA) and wasl Asset Management Group will promote Dubai as a leading platform for global e-commerce and support economic diversification and smart transformation.
The project will spearhead the growth of the e-commerce market that is projected to reach $20 billion in 2020 in the Gulf Cooperation Council (GCC) nations, according to a news agency report in the United Arab Emirates (UAE).'Dubai CommerCity', the first free zone for e-commerce in the Middle East North Africa region, was launched recently in the Umm Ramool area. The joint venture between Dubai Airport Free Zone (DAFZA) and wasl Asset Management Group will promote Dubai as a leading platform for global e-commerce and support economic diversification and smart transformation.#
It will attract more foreign direct investment in line with Dubai Plan 2021 that aims to create a unique and sustainable economy based on innovation.
Dubai CommerCity, covering 427,000 square meters, is divided into three clusters — the business cluster, the logistics cluster and the social cluster — designed in a modern and innovative way to strategically achieve environmental and investment sustainability.
The new free zone is strategically located near the Dubai International Airport, well-connected to major local and national highways and offers world-class cargo and logistics services with an integrated and sophisticated infrastructure with easy access to land and seaports.
It will also drive private investment activities supporting the region’s start-ups, most of which are involved in e-commerce, IT and Internet-based services. (DS)
ALCHEMPro News Desk – India
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