It was launched in Rwanda and provides Emirati companies with access to the African market
Dubai Ports launches a global electronic wholesale trade platform
The port and logistics network of the DP World Group supports the operations of the new platform.
From the source
Mahmoud Al Bastaki: "The new platform will provide Rwandan companies with the opportunity to transform into international manufacturing and export enterprises."
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DP World announced yesterday the launch of the global electronic wholesale platform “DUBUY.com”, starting in Rwanda in Africa, with future plans to expand throughout Africa and the world.
The group stated in a statement that "DUBUY.com" would add digital commercial corridors to the actual commercial channels established by "DP World" across the African continent through its investments in ports, terminals and logistical operations.
cooperation
The group stated that "DUBUY.com" relies on cooperation with local companies and the Rwandan government to help provide small and medium-sized Emirati companies access to global markets, by taking advantage of the integrated supply chain services in the DP World Group, to meet export orders and receive goods.
She pointed out that the platform also provides international and local companies with the opportunity to find new business partners in Africa and serve them, thus opening up a wide scope for access to fast-growing markets.
By combining the DUBUY.com platform with the physical logistics infrastructure of DP World and its data-based logistical solutions, a number of major challenges facing the growth of e-commerce will be solved, including the reliable execution of transactions, secure financial transactions and the movement of goods.
Channels for trade
The CEO of the Rwanda Development Board, Claire Akamanzi, said: “Through« DUBUY.com »entrepreneurs in Rwanda will be able to make the impossible possible to open channels for trade with the UAE and other countries,” noting that individuals and companies around the world resort to solutions. Technology to assist them during the recovery phase of the "Covid-19" pandemic, and to facilitate their access to global trade corridors.
She added that world-class e-commerce platforms backed by innovative and reliable logistics networks can meet all requirements of business operations and transform the way business is done across the African continent.
Akamanzi explained that the DUBUY.com platform is the first dedicated online store to serve exporters, importers and officially licensed manufacturers in Rwanda, in which the DP World Group has already invested through a logistics center that provides container handling services, cold chain and customs warehouses.
New paradigm
For his part, Executive Director of Operations at Dubai World Trade, Mahmoud Al Bastaki, said that “DUBUY.com represents a new and innovative model of partnership with the UAE by strengthening the current capabilities in Rwanda, and opening businesses and markets mainly through enabling trade and achieving Innovation ».
He added that the new technological platform will provide local companies in Rwanda with an opportunity to transform into international manufacturing and export enterprises, by connecting them to new markets in Africa and the Middle East, and thus the rest of the world.
Al-Bastaki explained that this includes promoting Rwanda's valuable exports, such as tea, coffee and agribusiness, through a network that focuses on upgrading the country's supply chain logistics, both within urban and rural areas, as well as providing access to new digital tools that will help local companies gain access to Prosperity.
In turn, the Executive Director of Operations for Logistics and Technology at DP World, Mike Baskaran, said that “(DP World) is investing in building the future of global trade, as our vision is to create more efficient corridors for trade to serve our customers, through our ports and services. Logistics and digital technology that contribute to improving the efficiency of operations, which we now support through online e-commerce platforms.
Electronic markets
It is noteworthy that the electronic markets via the Internet are an important opportunity to achieve economic growth in Africa, which currently registers less than 0.5% of the total global e-commerce, according to the United Nations Conference on Development and Trade.
In 2018, trade between the UAE and Rwanda reached 1.6 billion dirhams (about $ 434.8 million), in light of the growth of trade between them, over the past decade, within the framework of bilateral relations and the expansion of economic ties between the two countries.
One-stop shop
The "DUBUY.com" platform provides a comprehensive unified store that meets the security standards in all transactions through the site, from including reliable suppliers only, to listing the leading payment service providers, such as the fees for payment gateway of Dubai Trade.
There will be very low shipping fees negotiated, with weekly control boxes that switch between origin and destination within guaranteed transit times, and at an incentive shipping cost.
Shipping methods will be customized according to the size of each transaction and according to their requirements.
These advantages all culminate in the provision of a flexible and effective platform that contributes to cementing the UAE's position as an essential partner for trade with Rwanda, and a center for global e-commerce operations.
The platform «DUBUY.com» enables entrepreneurs in Rwanda to open commercial channels with the UAE and other countries.
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