Most notably, e-shopping, food delivery apps, and renewable energy

Swissquote Bank: 4 areas that have dominated the investor trends in the UAE during 2020

Shady Kerbaj: “Online shopping has grown by more than 40% in 2020.”

Deputy Executive Director of Swissquote Bank in Dubai, the international provider of financial services and online trading, which is based in the Dubai International Financial Center, Shadi Kerbaj, said, “The spread of the Coronavirus has had repercussions that affected changing the behavior and attitudes of investors in The state, during the year 2020, and pushing them to expand further in four non-traditional sectors, according to market indicators.

Kerbaj added that the Coronavirus has constituted one of the most important challenges in the global economy, since the global financial crisis during 2008, which is support for the transition to the digital economy, adding that the UAE is considered the undisputed most important in the Middle East region with this transformation.

He pointed out that “the first sector is electronic shopping solutions and systems,” pointing out that “e-shopping is one of the modern means, which has been widely used and in demand during the (Corona) pandemic.”

He pointed out that «online shopping achieved a growth of more than 40% in 2020, in various sectors, such as fashion, electronic devices, and others, as the returns of electronic shopping during the year are estimated at up to five billion dollars.

"The second sector is food delivery applications, as this sector in the UAE is important in terms of the potential for industry growth, especially after the effects of the pandemic, as the population is increasingly resorting to it, and it is expected to achieve a growth of 14% in its revenues next year," he added.

He pointed out that "the third sector is the technical regulations related to food and agricultural products, as the Corona pandemic had a noticeable impact on the agricultural technology market, as it provided the opportunity for emerging companies to develop new solutions and technologies that help farmers and individuals provide food locally in a more efficient and effective manner."

Kerbaj explained that “investments in agricultural technology have increased their importance after the disruption in supply chains, and these technologies focus on producing large quantities of agricultural products under highly efficient conditions using smart robotic systems to make them more sustainable and less costly, as this sector is expected to grow by 28 percent. % Globally, in the coming years ».

He said that “the renewable energy solutions and technologies sector was among the four areas that witnessed an expansion in investment trends during the year 2020,” adding that “this shift in investment, we believe, will continue even after the end of the Corona pandemic, especially as this is a directive for the state to invest in the future and diversify the economy. And gradually reduce dependence on oil ».

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