The e-commerce market will grow to $148.5 billion in the Middle East, Africa and South Asia (MEASA) by 2022, according to a board member of Dubai CommerCity.
Amna Lootah, assistant director general, DAFZA, and a board member at Dubai CommerCity, the first dedicated e-commerce free zone in the region, said it is witnessing significant growth, driven by changing consumer behaviour amid the ongoing coronavirus pandemic.
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The MEASA region’s e-commerce market is experiencing a compound annual growth rate (CAGR) at 18.4 percent, higher than the global 16.6 percent growth over the 2019-22 period.
She said this represents a big opportunity for the region to benefit from the growing e-commerce activity.
Her comments came in a new report which highlights Dubai Commercity’s efforts to strengthen the emirate’s position as a gateway for growth of the regional e-commerce sector.
The study showed that e-commerce has experienced a significant leap during the Covid-19...read more...