Evolution of e-commerce legislation in UAE

  • Date: 04-Apr-2024
  • Source: Arab Times
  • Sector:Retail
  • Country:UAE
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Evolution of e-commerce legislation in UAE

Abdulaziz Abdullah Alhusainan The United Arab Emirates (UAE) has witnessed a remarkable economic transformation over the past two decades, driven by a burgeoning market and substantial investments. This growth has necessitated a proactive legislative approach to keep pace with the dynamic trajectory of economic advancement. In this context, the introduction of the new e-commerce law …

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Abdulaziz Abdullah Alhusainan

The United Arab Emirates (UAE) has witnessed a remarkable economic transformation over the past two decades, driven by a burgeoning market and substantial investments. This growth has necessitated a proactive legislative approach to keep pace with the dynamic trajectory of economic advancement. In this context, the introduction of the new e-commerce law signifies a pivotal step towards aligning the legal framework with the evolving landscape of electronic transactions and trust services.

The e-commerce sector in the UAE has experienced significant progress, fueled by investments, strategic acquisitions, and collaborations with global entities. Central to this evolution is the modernization of payment methodologies, which has stimulated and facilitated purchasing and trading activities in the country’s burgeoning e-commerce market. The enactment of Federal Decree-Law No. (46) of 2021 regarding Electronic Transactions and