e-Trader Licence Records 6% Growth During 2021

e-Trader Licence Records 6% Growth During 2021

WAM

The e-Trader licence, launched by the Business Registration and Licensing (BRL) sector at the Department of Economy and Tourism (DET), Dubai, has seen overwhelming response with 16,409 licences issued since its launch in March of 2017 till end of 2021.

The BRL sector also reported that the total number of e-Trader licences issued in 2021 reached 6,217, a 6% increase compared 2020 as the total number of licenses reached 5,848 licenses. This reflects the continuous focus on promoting e-commerce and the competitiveness of Dubai’s economy, as well as the commitment to realising the vision of the government to drive digital transformation and build awareness about the e-platforms that facilitate commercial activities.

This shows the growing momentum of e-shopping in Dubai, as the emirate has become a platform for the largest e-commerce companies in the world, led by its flexible business and investment environment, government integration with the private sector and its logistical advantages, as well as strategic location that facilitates global trade.

The growth also reflects the ongoing efforts to consolidate the emirate’s position as a global platform for e-commerce, based on its importance in driving growth and supporting economic diversification policies. The ‘UAE eCommerce Landscape’ study, conducted jointly by DET and Visa in 2020, showed Dubai leading the list of the fastest-growing and developing e-commerce markets in the Middle East and North Africa, as a result of conducive policies, strategic plans and smart government initiatives initiated under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai. This digital transformation has enhanced the confidence of investors in the sector and its opportunities for growth and development.