What is the e-commerce industry worth in the UAE?

$3.9 billion
The UAE retail e-commerce market reached a record $3.9 billion in 2020, a 53\% year-over-year increase driven by the Covid-19-led digital shift, while e-commerce accounted for 8\% share of the retail market during the same year, new analysis from Dubai Chamber of Commerce and Industry has revealed.

Is the UAE a hub?

The United Arab Emirates (UAE) is a magnet for business thanks to its ultra-low tax environment, reputable regulation and convenient time zone. Over the past 20 years the seven emirates that make up the UAE have become a major international hub for business.

How much money does Abu Dhabi make from oil?

At an average oil price of $14.50 a barrel in nominal terms, the UAE has earned nearly $308 billion from crude exports between 1962 and last year. The earnings are more than four times the country’s gross domestic product of around $71 billion last year and nearly 43 per cent of the total Arab GDP.

What is the future of e-commerce in the Middle East?

According to a recently published report by global management consultancy firm Bain & Company that is present in Middle East through its office in Dubai, Riyadh & Doha, the ecommerce market in the Middle East & North Africa is expected to reach $28.5 billion by 2022.

What are the fastest-growing ecommerce categories in India?

Grocery, with a growth of over 250\%, has been the fast-growing ecommerce category over the last three years. The report, highlighting Amazon India’s example, argues that entry of large ecommerce players in could help accelerate shift to ecommerce. “Prior to Amazon’s launch, the e-commerce market in India grew by 38\% annually between 2009 and 2012.

What is the largest eCommerce category in the GCC and Egypt?

Electronics currently is the largest ecommerce category in GCC and Egypt with a size of $2.9 billion and has been growing at 23\% annually during the last few years. Grocery, with a growth of over 250\%, has been the fast-growing ecommerce category over the last three years.

What are the biggest challenges faced by eCommerce in MENA?

The report also highlights Cash on Delivery (COD) as one of the biggest challenges faced by ecommerce in MENA today, “COD leads to higher return rates and failed deliveries, and it adds pressure to working capital requirements while limiting delivery options to logistics companies that accept this form of payment.