Diez reviews growth opportunities in B2B e-commerce
35% monthly growth in Tradeling's revenue... and buyers and sellers from 55 countries
3 free zones in Dubai fall under the umbrella of «Dies».
Photography: Patrick Castillo
Mohammed Al Zarooni: "We are working to develop a distinguished system that contributes to the economic growth of Dubai, and consolidates its position as a global model in supporting businesses and companies."
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The Dubai Authority for Integrated Economic Zones (DEEZ) has revealed promising trends that will have a lasting impact on the regional economy, following the success of Tradeling, the leading electronic marketplace in the field of business-to-business trade in the Middle East and North Africa, within the framework of Dubai's continuous endeavor to create more opportunities for growth and expansion, and to provide an integrated environment for the business and investment community in the emirate.
Since its establishment in 2020, Tradeling has witnessed an exceptional growth in revenue by more than 35% per month, and the number of products registered on its platforms has reached nearly one million products, while the number of buyers and sellers registered on the platform has reached more than 150 thousand, from More than 55 countries, and received more than 100,000 requests and inquiries about prices.
electronic market
This success achieved by the advanced electronic market comes as a result of keeping pace with the changes that the world has witnessed in light of the “Covid-19” pandemic, which imposed many challenges at the level of business performance mechanisms, to which Dubai and the UAE responded by adopting a wide range of solutions. digital.
One of the biggest trends that emerged during the pandemic period was the partnership with logistics service providers, in order to simplify supply chain operations, and modernize labor laws and regulations, so that Tradeling would be among the easiest and most convenient procedures for companies within the country's market.
Recent studies, launched by PSB Middle East, a global leader in strategic research and analytics, have confirmed the need for a new digital retail model, as the study indicated that more than 82% of its participants will work on Increasing the use of electronic commerce between companies on a daily basis, while more than 86% of companies affirmed that technology will be of greater importance, followed by e-commerce at 84%.
Dies recorded an increase in the interest of entrepreneurs in buying products in bulk and reselling them through various channels directly to consumers, giving them generous profit margins, and ease of standardized operations, enabling them to reach sellers and buyers all over the world, benefiting from “Trading” that provides them Manage warehouse warehousing, trade finance, product inspection, and product deliveries to any location the customer desires.
A pivotal role
Dr. Mohammed Al Zarooni, CEO of the Dubai Authority for Integrated Economic Zones (DEEZ), said: "The Dubai Authority for Integrated Economic Zones, through its three free zones, is working to develop a distinguished economic system that plays a pivotal role in the economic growth of the Emirate of Dubai, and in consolidating its position The emirate, as a forerunner in adopting solutions and initiatives, and launching platforms, especially digital ones, that facilitate the performance of business for international, small and medium companies, and (Tradling) is among these forward-looking initiatives that affirm digital excellence within a flexible economic environment that will care and develop business. .
He added: “Through these various initiatives, projects and solutions, we seek to anticipate the future and provide a unique, world-class approach in supporting businesses and companies, in line with the efforts to achieve the vision of the wise leadership, in creating an economic market in the emirate, characterized by the diversity and multiplicity of areas of investment and ease Doing business, enjoying the highest levels of competitiveness, and the e-commerce sector in general and trade between companies in particular, is among the most prominent axes of focus within the authority’s strategy during the next stage, given the great economic and investment capabilities and opportunities that it provides, and keeping pace with the trends of companies that aspire to expand in this field. As a method of future work within its plans.”
future of trade
Tradeling CEO Marius Siavola said: “B2B e-commerce transactions in the Middle East and North Africa are only 1%, or even less than the trillion-dollar global market size, which is very small compared to the opportunity and deals. available online in these markets.
He added: “We aim to push this percentage to 4% or 5%, so that the volume of (trading) will be about 50 billion dollars. In addition to simplifying operations for buyers and sellers alike, Dubai has high growth potential and opportunities in the region, and we are still at the beginning of the road.”
Siavola continued: “Tradling is in a position to shape the future of trade, in light of the support we get from the Dubai Integrated Economic Zones, which enabled us to strengthen our relations with partners, in addition to accelerating our plans to achieve growth, along with our work team. Which works to build support for the establishment and growth of start-up companies so that we can continue to operate as a private sector company.”
Innovative solutions that meet the aspirations of customers
Tradeling was established within the framework of the “Dubai 10X” initiative, and is supported by the Dubai Authority for Integrated Economic Zones (DIES) to create innovative solutions that meet the aspirations of dealers in various vital industries.
The Dubai Authority for Integrated Economic Zones contributes 11% of the total volume of trade in Dubai, and has witnessed a growth of 8.3% in new sales revenue for the first half of this year, as well as a 24% increase in leased space compared to the same period last year.
The Dubai Authority for Integrated Economic Zones also witnessed an 88.4% increase in the number of registered companies, compared to the same period in 2020, with a 23.5% increase in multinational companies.
Dies plays a key role in Dubai and the UAE's efforts to promote economic diversification, as it includes more than 5,000 companies, and its contribution to Dubai's GDP is 5%.
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