Preparing to launch a commercial complex in Umm Al Quwain

Union Coop: 40,000 products on the electronic platform before the end of 2021

Khaled Al Falasi: “Growth in the number of users of the electronic bill, and the application of (Union Coop) on smart phones.”

The CEO of Union Coop, Khalid Humaid bin Dhiban Al Falasi, confirmed that the Coop administration intends to expand the e-commerce platform by raising the number of traded goods from 30,000 to 40,000 before the end of this year.

He added to "Emirates Today" that the expansion of the number of goods on the platform comes within the framework of increasing the diversification of food and consumer goods that it provides, as well as keeping pace with the competitiveness and development of the e-commerce sector in local markets during recent periods.

Al Falasi pointed out that the peak period of the “Covid-19” pandemic shed more light on the role of e-commerce, and enhanced its importance as a key sector in retail trade, which attracted many entities to raise the areas of competitiveness in that sector.

He stressed that the growth of the role of e-commerce does not conflict with the growth of traditional trade in outlets, which in turn is developing to levels through various digital services.

Al Falasi revealed that the Union Coop has made advanced strides in the operations of automation services and digital systems, and will work during the coming period to develop these services, pointing to a growth in the number of users of the electronic invoice for purchases, and the application of the Union Coop on smart phones.

He stated that the pandemic has many repercussions on the retail trade sector, most notably the increase in competitiveness in the markets, expecting that the markets will tend to recover at greater rates from the effects of the pandemic during the next year.

Al Falasi said that the Union Coop is preparing to launch a commercial and residential complex in Umm Al Quwain, which will be managed by the Umm Al Quwain Society. He expected the new project to be launched in the first quarter of 2022, with an investment cost of 50 million dirhams.

He explained that the new commercial complex in Umm Al Quwain will be established according to modern advanced concepts for the retail trade sector, and the total Emiratisation percentage in it will reach 30% upon its launch.

• Expansion of the platform's goods keeps pace with the sector's competitiveness.

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