Latest news with #MohsenAhmad
Hi Dubai
21-05-2025
- Business
- Hi Dubai
EZDUBAI: UAE E-Commerce Market Continues to Grow, Reaches AED 32.3 billion in 2024
UAE's total e-commerce market is expected to exceed AED 50.6 billion by 2029. MENA's e-commerce market estimated at AED 126.7 billion in 2024. UAE's e-commerce industry to grow at a CAGR of 9.4% from 2024 to 2029 EZDubai, the fully dedicated e-commerce zone in Dubai South, has released the fifth edition of its 'E-Commerce Report in the MENA Region 2024' in collaboration with Euromonitor International, the world's leading provider for global business intelligence, market analysis and consumer insights. The report reveals that the UAE's e-commerce market reached AED 32.3 billion (USD 8.8 billion) in 2024 and is projected to surpass AED 50.6 billion (USD 13.8 billion) by 2029. The UAE's e-commerce sector continues to expand, driven by a tech-savvy, youthful population with a strong preference for online shopping, alongside advanced infrastructure, widespread internet access, and efficient delivery services. In 2024, the top three product categories by value were apparel and footwear, consumer electronics, and home care. According to Euromonitor's Digital Consumer Survey, credit and debit cards remain the most used payment method in the UAE. However, digital wallet usage has grown significantly, from 41% in 2020 to 53% in 2024. Additionally, alternative payment options such as Buy Now, Pay Later are gaining popularity, increasing both conversion rates and average basket values—highlighting consumer confidence in flexible payment solutions. Free delivery and free returns are powerful drivers of e-commerce in the UAE, with retailers strategically balancing these offerings to enhance customer satisfaction while carefully managing logistics to minimise their impact on profitability. Regionally, the MENA e-commerce market reached AED 126.7 billion (USD 34.5 billion) in 2024, recording a 13% year-on-year growth. This surge was fueled by the rise of mobile commerce and cross-border transactions. By 2029, the market is expected to reach AED 212.2 billion (USD 57.8 billion). Growth across the region, particularly in the UAE and Saudi Arabia, is supported by infrastructure investments, government-backed digital initiatives, and a highly connected consumer base. Food, beverages, and home care products saw significant growth between 2019 and 2024, a trend expected to extend to other categories. The expansion of cross-border e-commerce in MENA is also being driven by increasing demand for international products, improved logistics and payment platforms, and more efficient customs processes. In his comments, Mohsen Ahmad, CEO of Logistics District, Dubai South said: The e-commerce sector in the UAE is evolving rapidly, and EZDubai is proud to be at the forefront of this transformation. By offering world-class infrastructure and seamless connectivity, we are enabling global and regional players to thrive and scale. This growth is also being fueled by the UAE government's forward-thinking policies, smart regulations, and sustained investments in digital transformation, logistics, and infrastructure. As a result, the UAE is not only reinforcing its position as a leading e-commerce hub in the MENA region, but also emerging as a competitive global player shaping the future of digital commerce. EZDubai was designed to attract leading e-commerce companies and create a benchmark with its infrastructure. The e-commerce zone, launched in January 2019 by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, is strategically located in the heart of the Logistics District of Dubai South. For further insights, please download the full report via the following link. News Source: Cicero & Bernay
Al Etihad
21-05-2025
- Business
- Al Etihad
UAE e-commerce market reaches Dh32.3 billion in 2024: EZDUBAI
21 May 2025 14:18 DUBAI (WAM)The UAE's e-commerce market reached Dh32.3 billion ($8.8 billion) in 2024 and is projected to surpass Dh50.6 billion ($13.8 billion) by 2029, according to a report released by EZDubai, the fully dedicated e-commerce zone in Dubai fifth edition of the "E-Commerce Report in the MENA Region 2024" was compiled in collaboration with Euromonitor International, the world's leading provider for global business intelligence, market analysis and consumer UAE's e-commerce sector continues to expand, driven by a tech-savvy, youthful population with a strong preference for online shopping, alongside advanced infrastructure, widespread internet access, and efficient delivery 2024, the top three product categories by value were apparel and footwear, consumer electronics, and home to Euromonitor's Digital Consumer Survey, credit and debit cards remain the most used payment method in the UAE. However, digital wallet usage has grown significantly, from 41 percent in 2020 to 53 percent in 2024. Additionally, alternative payment options such as Buy Now, Pay Later are gaining popularity, increasing both conversion rates and average basket values—highlighting consumer confidence in flexible payment delivery and free returns are powerful drivers of e-commerce in the UAE, with retailers strategically balancing these offerings to enhance customer satisfaction while carefully managing logistics to minimise their impact on the MENA e-commerce market reached Dh126.7 billion ($34.5 billion) in 2024, recording a 13 per cent year-on-year growth. This surge was fuelled by the rise of mobile commerce and cross-border transactions. By 2029, the market is expected to reach Dh212.2 billion ($57.8 billion).Growth across the region, particularly in the UAE and Saudi Arabia, is supported by infrastructure investments, government-backed digital initiatives, and a highly connected consumer beverages, and home care products saw significant growth between 2019 and 2024, a trend expected to extend to other expansion of cross-border e-commerce in MENA is also being driven by increasing demand for international products, improved logistics and payment platforms, and more efficient customs his comments, Mohsen Ahmad, CEO of Logistics District at Dubai South, said, 'The e-commerce sector in the UAE is evolving rapidly, and EZDubai is proud to be at the forefront of this transformation. By offering world-class infrastructure and seamless connectivity, we are enabling global and regional players to thrive and growth is also being fuelled by the UAE government's forward-thinking policies, smart regulations, and sustained investments in digital transformation, logistics, and infrastructure. As a result, the UAE is not only reinforcing its position as a leading e-commerce hub in the MENA region, but also emerging as a competitive global player shaping the future of digital commerce." EZDubai was designed to attract leading e-commerce companies and create a benchmark with its infrastructure. The e-commerce zone, launched in January 2019 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, is strategically located in the heart of the Logistics District of Dubai South.
Trade Arabia
21-04-2025
- Business
- Trade Arabia
US group Expeditors opens new 23,200 sq m facility at Dubai South
Expeditors International of Washington, a Fortune 500 global logistics company, has inaugurated its new facility at the Logistics District within Dubai South, a key single-urban master development focusing on aviation, logistics and real estate. Headquartered in Bellevue, Expeditors employs trained professionals in 176 district offices and numerous branch locations located on six continents linked into a seamless worldwide network through an integrated information management system. Its services include the consolidation or forwarding of air and ocean freight, customs brokerage, vendor consolidation, cargo insurance, time-definite transportation, order management, warehousing and distribution, and customized logistics solutions. Spanning approximately 23,200 sq m, the facility is designed to provide comprehensive warehousing and fulfilment services, including container freight station operations. Additional offerings include inventory management, kitting, labelling, order management, compliance inspections, return programs, transportation management, pick-and-pack services, and quality control inspections. The official opening ceremony was attended by senior leadership from both organizations, including Mohsen Ahmad, Chief Executive Officer of the Logistics District, Dubai South; and from Expeditors, Wael Hanna, District Manager, Dubai, K Murali, Senior Vice President, Middle East, Africa & Indian Subcontinent; and Mathew Joseph, Regional Vice President, Middle East and North Africa. Speaking on the occasion, Ahmad said: "We are delighted to inaugurate Expeditors' new facility, which will deliver innovative logistics solutions to meet the region's growing demand for advanced supply chain services." "At Dubai South, our mandate is to support the government's vision of positioning Dubai as one of the world's leading logistics hubs," he stated. Hanna said: "We first opened in Dubai more than 25 years ago. Today, we are excited to open this new state-of-the-art facility which is emblematic of our unwavering commitment to meeting the growing demands of our customers while enhancing operational efficiency." Dubai South's Logistics District comprises multiple zones, which have direct access to the cargo terminals at Al Maktoum International Airport; EZDubai, a fully dedicated e-commerce free zone; and a Contract Logistics Zone.
Hi Dubai
21-04-2025
- Business
- Hi Dubai
Dubai South Inaugurates Expeditors' Advanced Logistics Facility to Strengthen Regional Supply Chain
Dubai South has officially opened a state-of-the-art logistics facility for Expeditors International of Washington, Inc. (NASDAQ: EXPD), a Fortune 500 global logistics giant, within its Logistics District. The inauguration was marked by the presence of key figures from both entities, including Mohsen Ahmad, CEO of the Logistics District at Dubai South, and Wael Hanna, District Manager, Expeditors Dubai, alongside senior executives from the Middle East and Africa regions. Spanning 23,200 square meters, the new facility is designed to deliver end-to-end warehousing and fulfilment services. These include container freight station operations, inventory and order management, kitting, labelling, compliance inspections, quality control, return programs, and transport management. Mohsen Ahmad highlighted the strategic significance of the launch, stating, 'This facility reflects our commitment to supporting Dubai's ambition of being a global logistics powerhouse.' Wael Hanna added, 'Having served the Dubai market for over 25 years, this expansion underlines our dedication to enhancing service quality and meeting evolving customer needs.' The new facility further strengthens Dubai South's position as a leading logistics ecosystem. With direct access to Al Maktoum International Airport and Jebel Ali Port via a bonded corridor, the Logistics District enables seamless multimodal connectivity. It also houses EZDubai, a dedicated e-commerce zone, and the Contract Logistics Zone, supporting a range of advanced supply chain solutions. Expeditors, headquartered in Bellevue, Washington, operates in 176 districts across six continents, offering integrated air and ocean freight, customs brokerage, warehousing, and tailored logistics services. News Source: Dubai Media Office
Zawya
21-04-2025
- Business
- Zawya
Dubai South inaugurates new state-of-the-art facility for expeditors
Dubai, United Arab Emirates: Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, announced the inauguration of a new facility at the Logistics District in Dubai South for Expeditors International of Washington, Inc. (NYSE: EXPD), a Fortune 500 global logistics company. The official opening ceremony was attended by senior leadership from both organizations, including Mohsen Ahmad, Chief Executive Officer of the Logistics District, Dubai South; and from Expeditors, Wael Hanna, District Manager, Dubai, K Murali, Senior Vice President, Middle East, Africa & Indian Subcontinent; and Mathew Joseph, Regional Vice President, Middle East and North Africa. Spanning approximately 23,200 square meters, the facility is designed to provide comprehensive warehousing and fulfilment services, including container freight station operations. Additional offerings include inventory management, kitting, labelling, order management, compliance inspections, return programs, transportation management, pick-and-pack services, and quality control inspections. In his comments, Mohsen Ahmad said: 'We are delighted to inaugurate Expeditors' new facility, which will deliver innovative logistics solutions to meet the region's growing demand for advanced supply chain services. At Dubai South, our mandate is to support the government's vision of positioning Dubai as one of the world's leading logistics hubs.' Wael Hanna said: 'We first opened in Dubai more than 25 years ago. Today, we are excited to open this new state-of-the-art facility which is emblematic of our unwavering commitment to meeting the growing demands of our customers while enhancing operational efficiency.' Expeditors, a global logistics company headquartered in Bellevue, Washington, employs trained professionals in 176 district offices and numerous branch locations located on six continents linked into a seamless worldwide network through an integrated information management system. Its services include the consolidation or forwarding of air and ocean freight, customs brokerage, vendor consolidation, cargo insurance, time-definite transportation, order management, warehousing and distribution, and customized logistics solutions. Representing the pinnacle of logistical innovation encapsulated within a premier infrastructure network, Dubai South's Logistics District offers premier services and operations as well as uninterrupted access to Jebel Ali Port via a bonded logistics corridor. The district comprises multiple zones, which have direct access to the cargo terminals at Al Maktoum International Airport; EZDubai, a fully dedicated e-commerce free zone; and a Contract Logistics Zone.
