UAE e-commerce market forecast to reach $9.2 billion by 2026

UAE e-commerce market forecast to reach $9.2 billion by 2026

Total e-commerce sales in the UAE recorded remarkable growth in 2021, reaching $4.8 billion during the year compared to $2.6 billion in 2019

Published: Tue 4 Oct 2022, 4:51 PM

The value of the UAE e-commerce market is expected to reach $9.2 billion in 2026, while the sector’s share of total retail sales in the UAE is projected to reach 12.6 per cent by the same year, according to new analysis of Dubai Chamber of Commerce.

The study, based on data from Euromonitor and released ahead of Gitex Global 2022, highlighted several factors boosting e-commerce activity in the UAE, as well as high-potential growth opportunities.

Total e-commerce sales in the UAE recorded remarkable growth in 2021, reaching $4.8 billion during the year compared to $2.6 billion in 2019.

Hatem El Safty, chief executive of dubai-based consultancy Business Link, said the e-commerce industry in the UAE is undoubtedly on the boom, especially since the world witnessed a pandemic.

“People have learned the value of going online and using tools that would help them grow a business,” he said.

Furthermore, with a global event like Gitex Northstar coming soon, an event for fresh business startups and entrepreneurs, the numbers are only going to get higher as e-commerce is the