UAE’s digital trade to see 12.3% growth between 2023-2028

UAE’s digital trade to see 12.3% growth between 2023-2028

ABU DHABI / WAM The Ministry of Economy and the Abu Dhabi Chamber of Commerce and Industry (ADCCI) have issued a new joint paper revealing that trends project the growth and prosperity of digital trade activities in the UAE at a compound annual growth rate of 12.3 percent between 2023 and 2028. The research showed ...

ABU DHABI / WAM

The Ministry of Economy and the Abu Dhabi Chamber of Commerce and Industry (ADCCI) have issued a new joint paper revealing that trends project the growth and prosperity of digital trade activities in the UAE at a compound annual growth rate of 12.3 percent between 2023 and 2028. The research showed that more than 40 percent of consumers in the UAE relying on the “buy now, pay later (BNPL)” models and FinTech digital technology systems.

The paper titled “Introducing Trade by Modern Technological Means: Economic Outlook and Federal Decree-Law No. 14/2023 – BEI Research 360° Paper”, showed that digital trade in Abu Dhabi is witnessing remarkable growth. This comes in light of the ambitious visions and plans of ADCCI to enhance the private sector’s contribution to the local economy through innovation and digitisation, and to strengthen the position of the emirate of Abu