An analysis issued by Dubai Chamber of Commerce and Industry showed that electronic retail trade in the United Arab Emirates reached its highest levels during the year 2020, driven by demand due to the “Corona” pandemic, as its value reached 3.9 billion US dollars, i.e. a growth of 53 percent compared to 2019. The contribution of e-commerce to the retail market in the UAE increased from 2 percent in 2015 to 8 percent in 2020.
According to the analysis, the value of the e-retail market in the UAE is expected by 2025 to be about $8 billion, and to rise at a compound annual growth rate of 15.4% during the period 2020-2025. The analysis also shows that the UAE has the highest rate of smartphone use in the Middle East and North Africa, where it reached 66%, which affected the growth of commerce via mobile phones, as the share of this commerce in the e-commerce market in the UAE increased from 29% in 2015 to 42% in 2020. The value of retail trade in the UAE over the Mobile phones in 2020 are about $1.6 billion, an increase of 56 percent over the previous year. The value of this trade is expected to reach $3.9 billion by 2025 and to register a compound annual growth rate of 18.9 percent during the period 2020-2025.
Source (Al Khaleej Newspaper-UAE, Edited)
