Retail & Manufacturing
Dubai to build Commercity to promote e-Commerce Industry
Dubai – The government of Dubai has announced to build the first of its kind free trade zone dedicated for the e-Commerce industry in the region ‘Dubai Commercity’, located close to Dubai International Airport. The estimated value for the project is around AED 3.2 billion ($870 million) and covers an area of 2.1 million Sq.ft. The ‘Dubai Commercity’ aims to promote investment in the e-Commerce Industry by providing numerous benefits and exemptions to the e-Commerce players.
e-Commerce Industry – UAE
Driven by the strong growth in online shoppers, the UAE’s e-Commerce Industry leads the Gulf region with an estimated value of Dh 59 billion ($16 billion) in 2019 and CAGR of 13 per cent between the next few years. However, due to the COVID-19 pandemic which has influenced the online shopping behavior, the e-Commerce growth rate is likely to increase significantly as more number of consumers opt to buy products and services online.
e-Commerce Industry Growth – UAE
The young Internet-savvy population with high social media usage, high disposable income and the growth in Dubai’s mobile wallet market are among the key contributing factors towards the growth of the e-Commerce marketplace in the country. As of 2019 and before the COVID-19 pandemic, 62 per cent of UAE residents were actively engaged in online shopping while e-Commerce sales constituted 10 per cent of total sales in UAE.
Furthermore, the Dubai government has introduced several strategies to attract foreign investors in the e-Commerce Industry. One of such Strategies is the announcement of Dubai Commercity, a dedicated free-zone for the e-commerce Industry.
The Dubai Commercity is considered to be the first of its kind in the region. The site is a joint venture between Dubai Airport Freezone Authority (DAFZA) and Al Wasl Properties. The Dubai Commercity will have three major clusters namely; Business, Logistics and Social Cluster.
The Business cluster will accommodate 12 office buildings that promise modern facilities and sustainable design for companies of varying size while the Logistics cluster will consist of heavily automated AI (Artificial Intelligence) warehouses and storage facilities. The Social cluster will consist of restaurants and cafes. The e-Commerce businesses that will be registered with the free-zone will benefit from “one-stop shop” services inclusive of immigration, administration, banking and healthcare. The facilities are expected to be operational in November 2020, while the project will be fully functional by the end of 2023.
Dubai Commercity – Future Potential
The developers mentioned that the situation arising from the COVID-19 has been one of the major factors that has led to the conceptualization of Commercity in Dubai. The on-going Coronavirus pandemic is expected to further fuel the growth of the industry and the investment in the e-Commerce industry will pay off as the Dubai and UAE market is set for explosive growth amid rapidly changing online consumer buying landscape.
Research Konnection is one of the leading market research companies in Dubai that assists local and international companies to set up or expand businesses in Dubai, Abu Dhabi and UAE. At Research Konnection, we specialize in Market Research, Feasibility Studies and Business Plan Development. Feel free to reach out to us on firstname.lastname@example.org…May 27, 2020
UNION COOP ANNOUNCES DH 94M COMMERCIAL CENTER IN DUBAI SILICON OASIS
Union Coop to setup Dh 94 million (US$ 25 M) commercial center in Dubai Silicon Oasis. The announcement by Union Coop underlies the importanc…September 9, 2018
…August 18, 2018
…July 26, 2018
Dubai to Focus on Seamless Transactions
Seamless is Middle East’s biggest and important event that provides an exhibition platform for payments, Fintech, e-Commerce and retail. This year’s event oversaw discussions major topics such as Fintech, Blockchain, AI (Artificial Intelligence) and Innovations. The event also provided a platform for tech companies to display their latest technologies that could facilitate and ease the process of online payments.
The 19th edition of the Seamless Middle East took place at Dubai World Trade Centre from 15th April to 16th April 2018 under the patronage of Lt. General HH Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior. The event was sponsored by Dubai Airport Free zone (DAFZA) and Wasl Asset Management Group aiming to make Dubai the most attractive and ideal e-Commerce destination. More than 350 international and regional companies participated in the event along with 10,000 industry professionals and tech enthusiasts. Several thought provoking dialogues and keynotes were exchanged throughout the event that helped the attendees to think beyond the obvious and prepare for the future.
Seamless Middle East – Event Highlights
The two day event was packed with a tight schedule. Conferences, Demos, exhibitions and visitor attractions on latest trends in e-Commerce, Fintech, Blockchain, AI Innovations and retail were organized in the event. Networking opportunities and award functions were also held. More than 300 speakers delivered thought provoking keynotes in the conference. Some of the major highlights of the events are listed below
The seamless Middle East provided “free to attend” conferences under “demos” that provided visitors unparalleled peer-to-peer learning opportunity. Some of the topics that were covered in demos are listed below.
- Digital Payments
- Migrating from EMV to Dual Interface
- Customer Conversion
- Digital Marketing
- Logistics & Fulfilment
- Building online Trust
The visitor attractions provided a platform to learn through interactive launches, showcases and interviews, located within the exhibition floor.
e-Commerce University – A one day programme devoted to helping entrepreneurs build, launch and grow a profitable e-Commerce business.
Fintech Showcase – A showcase of international and regional Fintech companies.
Launch Pad – A showcase of genuine innovation in latest products and services never before seen in the Middle East.
Start-Up Zone – Success stories of innovative e-Commerce companies over the past 12 months.
Pitch-offs – An opportunity for e-Commerce start-ups to pitch their products / services supported by Venture Capital funding of USD $500,000 for the top 5 – 10 ideas.
Several initiatives were taken by Seamless to accelerate the networking and business connections of the attendees.
Peer–2-Peer Roundtables – Interactive round table sessions
VIP Buyer Program – Networking with VIP delegates with with purchasing power of millions of dollar.
Connect with Jujama – Networking application for Seamless Middle East attendees.
Seamless Middle East – Exhibitors Highlights
Several major international and regional companies exhibited their products and services in the event. Among the 350 companies that participated in the event, 4 start-up companies were highlighted in the event for the most innovative solutions provided by them for the past 12 months. These “Industry Disrupting Start-Ups” are listed below:
Dave A.I – An innovative technology that reinvented the buying experience for customers in offline retail using state of the art Artificial Intelligence.
Akyasi – A new and unique mobile application which aims to facilitate a seamless and hassle-free experience for its users
Tinyclues – A leading AI-first Marketing Campaign Intelligence solution enabling
companies to generate additional revenue through intelligent campaign targeting and planning.
Snash – A mobile application that helps fast moving consumer good (FMCG) brands to access the basket size & identify consumer-purchasing habits.
Investment Opportunities in Dubai’s e-Commerce Sector
The Middle East region is witnessing a rapid growth in the e-Commerce sector, with UAE claiming 15th positing on the Euromonitor International’s Digital Consumer Index 2017.
UAE also ranks 1st in the Middle East and North Africa region (MENA) on digital consumer spending. According to the reports published by Dubai Chambers, e-Commerce will be a megatrend for businesses in the UAE in next few years.
The UAE’s e-Commerce sector is expected to be valued at Dh 36.7 billion by 2018 at a growth rate of 10 per cent annually. Dubai contributes around 40 per cent of the total value of e-Commerce sector in UAE.
With e-Commerce sector valued at Dh 10 billion, Dubai provides excellent opportunities for investment in the sector. Furthermore, the establishment of Fintech based companies in Dubai, the increasing demand for blockchain technologies, introduction of emPay (emcredit system for online cashless transactions) and the incentives / subsidiaries provided by the government for technology based companies provide an ideal platform for investment in e-Commerce sector in Dubai.
Research Konnection – Market Research, Feasibility Study & Business Plan Services Dubai (UAE) Research Konnection is a market research company in Dubai that assists local and international companies to setup or expand businesses in Dubai and UAE smoothly. At Research Konnection, we specialize in Market Research, Feasibility Studies and Business Plan Developments. Feel free to reach out to us on email@example.com…April 21, 2018
The Restaurant Show Middle East – F&B Event Concludes in Dubai
The Restaurant Show Middle East is the region’s only dedicated event for restaurants, cafés and F&B outlets. The event provides an effective platform for owners, operators and professionals in restaurants, hotels and hospitality sector in the Middle East and North Africa region to showcase their products and services to the target audience.
Dubai – The 2nd edition of ‘The Restaurant Show Middle East’ concluded at ‘The Address – Dubai Marina’ on 15th April 2018. The two day event oversaw participation of 3,000 members and approximately 60 brands and exhibitors across 15 countries in the MENA (Middle East and North Africa) region. The event played an important role in gathering stakeholders from the restaurant building, designing, furnishing, equipping and technology sectors to meet, connect and exchange the knowledge of the Food & Beverage (F&B) industry.
Restaurant Show Middle East – Event Highlights
The event was inaugurated by Ms. Noura Abdulla Al Shamsi, Head of Food Permits Section, Dubai Municipality. Several workshops were held during the two day event, focusing on restaurant leadership and management. The latest techniques on effective implementation of best practices in a restaurant and other procedures to improve their skills in running the business were discussed in the conference.
Some of the other major topics covered in the event were:
- Challenges and Opportunities in the Middle East F&B Service Sector
- Expanding and Franchising F&B brand Locally and Internationally
- Restaurant Building and Design
- Restaurant Management
- Innovations in the Food-Service Sector
- Marketing Restaurants and F&B Outlets
The latest technologies and best practices followed by the market leaders were also discussed in the event. Technology companies such as “Foodics” and “Mobikon” displayed their latest POS (Point of Sale) solution that provided an integrated system to maintain inventory, schedule employees, maintain the loyalty program and e-Commerce at the same time. Interior designers such as “4 Space” displayed their latest restaurant designs and innovations.
The overall event was highly successful as it provided the decision makers in the industry to network, learn and gain insights on best practices to be followed to reaffirm their position as a market leader in the target sector.
F&B Sector Investment Opportunities in UAE & Dubai
The Food & Beverage (F&B) sector is one of the fastest growing sectors in UAE with an estimated value of Dh 47 Billion in 2017. The F&B sector is expected to further grow by 4 per cent annually, creating opportunities for growth in next 5-10 years.
One of the major contributors of growth is Dubai, which accounts for 43 per cent market share of UAE’s F&B sector. The current value of Dubai’s F&B sector is valued at Dh 18 billion nad has a growth rate of 10%.With nearly 10,000 restaurants in Dubai, the sector is expected to further grow because of the major F&B events such as “Gulf Food” and “Restaurant show Middle East”.
According to a report published by KPMG, healthy food options is the most trending segment in the F&B sector with 53% of the consumers preferring healthier food options. Other two major trending segments are Fine dining and Food Courts. The highly diverse and young demographics, per-capita income of Dubai (Dh 175,000) growing tourism and expanding economic infrastructure provide ideal opportunities for investment in restaurants, cafes and F&B outlets in Dubai.
Research Konnection – Market Research, Feasibility Study & Business Plan Services Dubai (UAE) Research Konnection is a market research company in Dubai that assists local and international companies to setup or expand businesses in Dubai and UAE smoothly. At Research Konnection, we specialize in Market Research, Feasibility Studies and Business Plan Developments. Feel free to reach out to us on firstname.lastname@example.org…April 19, 2018
Dubai Food Festival 2018 Promotes Dubai As An Emerging Culinary Destination Globally
Another successful season of Dubai Food Festival 2018 was hosted at Dubai International Convention & Exhibition Centre (DICEC) from 22 February to 10 March 2018. The festival organized by Dubai Festivals and Retail Establishment (DFRE), an agency of Dubai’s Department of Tourism and Commerce Marketing (DTCM) aimed to celebrate the diversity of Dubai’s culinary scene. Recently concluded, DFF 2018 served as a unique platform to promote and enhance Dubai’s reputation as an emerging gastronomic destination globally.
The festival provided both residents and visitors numerous opportunities to discover Dubai’s culinary offering which was influenced by traditional Emirati cuisine and the cooking traditions of more than 200 nationalities that reside in the Emirate.
DFF 2018 – Key Highlights
The 17-day festival featured a lineup of events and activities which included ; The Dubai Restaurant Week, Dubai Long Table, Dine with the Stars, Dubai Street Food Award, Thai Street Food Festival and the Etisalat Beach Canteen. Hidden Gems returns as part of Dubai Food Festival 2018 to shed light on the less known authentic ethnic eats in the Emirate.
In addition, the festival offered a series of masterclasses with international and local inspiring chefs, along with a panorama of family-oriented food and entertainment activities.
Many more unique exceptional gastronomic experiences were a highlight for the festival visitors, including Cafe Society: Beat the Chef Competition, Dubai International Kite Fest as well as annual favourite ‘the Taste of Dubai’.
In line with Dubai Tourism Vision 2020, DFF 2018 served as a unique platform to demonstrate Dubai’s fast growing food and restaurant sector, as well as an excellent opportunity to share UAE cuisine and hospitality with visitors from all over the world.
Investment Opportunities – Dubai & UAE’s Food and Tourism Sectors
The Middle East is one of the fastest growing food and beverage sector (F&B) markets in the world. The UAE’s F&B market share alone is expected to reach Dh 48.5 billion (US $13.2 billion) by 2018, according to the food experts. UAE which has the strongest economy in the region is increasingly seen as a lucrative market by international F&B brands and manufacturers. This growth is foreseen to provide global F&B players with excellent investment opportunities in the Dubai & UAE’s
Similarly, the outlook for the Dubai & UAE’s travel and tourism industry looks bright. In fact, Dubai is among the most promising markets in terms of Foreign Direct Investment (FDI) with investment in the travel and tourism sector amounting to be AED 26.2 billion (USD $7.1 billion) in 2017 and estimated to increase by 11 per cent 2018. Dubai’s efforts at diversification, coupled with preparations for the upcoming Dubai EXPO 2020 are likely to further boost tourism investments in the Emirate.
Research Konnection – Market Research, Feasibility Study & Business Plan Services Dubai (UAE) Research Konnection is a market research company in Dubai that assists local and international companies to setup or expand businesses in Dubai and UAE smoothly. At Research Konnection, we specialize in Market Research, Feasibility Studies and Business Plan Developments. Feel free to reach out to us on email@example.com…March 15, 2018
Nakheel’s Dh 6 Billion Deira Mall to be the biggest in Middle East
Recently Nakheel Properties announced Deira Mall which is set to be built in the Deira Islands Dubai (UAE). The mall will be the biggest mall in the entire MENA region when completed and will be built with a total estimated value of Dh 6 billion.
Deira Mall will consist 4.5 million Sq. Ft of leasable shopping space and will have more than 1,000 shopping outlets, restaurants and entertainment facilities. Furthermore, the mall will consist of 4.5 million Sq. Ft. of Gross Leasable Area (GLA) surpassing the GLA of Dubai Mall (3.77 million Sq. Ft). Additionally, resorts and water park projects will also be built alongside Deira Mall project to enhance its attractiveness.
UAE & Dubai – Retail Sector Growth
With the rising consumer spending power of residents and the increasing flux of tourists to the Dubai and UAE, the country’s retail sector is regarded as one of the fastest growing sectors. Dubai in particular is the major contributor to the UAE’s retail sector with more than 49 per cent of the retail stock held by the Emirate.
According to Dubai Chamber of Commerce and Industry, the total consumer spending for the year 2017 was estimated at Dh 723 billion which is expected to reach Dh 958 billion by 2021, growing at a CAGR of 7.5 per cent. Experts believe that Dubai’s retail sector has great potential to further grow in the future.
Dubai – Major Upcoming Retail Outlets
The strong demand for Dubai retail sector will continue to fuel the increase in the number of retail outlets in the Emirate. A number of major retail outlet projects are under way in the Emirate including:
- Cityland Mall – 1.13 million Sq. Ft. (Operational – Q2 2018)
- The Meydan One Mall – 6 million Sq. Ft. (Expected completion – 2021)
- Avenue Malls – 861,113 Sq. Ft. (Expected completion 2020)
Investment Opportunities in Dubai’s Retail Sector
Despite the implementation of Value Added Tax (VAT), the retail sector in Dubai is set to see an increase of 3 per cent by 2018. When completed, Deira Mall will be one of the major malls in Dubai, along with The Mall of Emirates, Ibn Battuta Mall and the Dubai Mall. The resorts, water parks and the real estate developments alongside the Deira Island will further improve mall footfall. As Dubai prepares to welcome 25 million visitors for the EXPO 2020 event, Dubai’s retail sector will continue to remain attractive, providing great opportunities for future investment.
…March 7, 2018
Gulfood 2018 Underlines Dubai’s Lead Role in Global Food Industry
Touted to be the largest Food & Beverage (F&B) event globally, the 23rd edition of Gulfood concluded on a positive note in Dubai (UAE). ‘Innovation’ was the official theme of the 23rd edition of Gulfood, where F&B professionals unveiled the latest trends and innovations in the ever-evolving F&B sector.
According to experts, Gulfood 2018 will contribute significantly to the growth of a regional and global food market, generating revenues of Dh 11 trillion by 2020. Gulfood 2018 not only provided a platform where the global F&B community discovered new products innovations but also facilitated new business opportunities, sourced the best products along with staying up to date with the latest trends and insights that are shaping the future of food and beverage consumption worldwide.
Gulfood 2018 Dubai – Key Highlights
- Over 97,000 visitors from about 185 countries
- Exhibitors from 120 country showcased food products and services
- More than 5,000 local, regional and international companies participated including first-time participants from Estonia, Serbia and Slovakia
- Products across eight of the biggest commodity trading sectors, which includes but not limited to Beverages, Dairy, Fats & Oils, Health, Wellness, Pulses, Grains, Cereals, Meat & Poultry were exhibited
- Dubai & UAE’s food consumption is expected to expand to 59 million tonnes by 2025
Gulfood Startup Competition
For the first time, Gulfood 2018 organized the Gulfood Start-up Competition, which was designed to drive further innovation in the food and beverage supply chain. Gulfood Start-up competition enabled food entrepreneurs from across the Middle East to connect with the region’s leading food technology buyers and investors.
Gulfood Significance to Dubai, UAE & Arab World
In recent years, due to a rising consumer base (UAE population – 9.6 million) and growth in income, Dubai & UAE’s food consumption is expected to expand to 59 million tonnes by 2025. This growth in demand is foreseen to provide global F&B players with excellent investment opportunities in the Dubai & UAE’s food sector.
The brightening outlook for the country’s F&B industry will certainly consolidate Dubai and UAE’s status as a regional hub for trade and commerce and a major manufacturing, processing and food re-exporting center in the Middle East & North Africa (MENA) region.
Latest F&B Trends in Dubai & UAE (2018)
One trend seen across the Dubai and UAE is growing interest in organic foods and products, as UAE residents are getting health conscious. The shift toward natural and organic products in Dubai and UAE has gained prominence in the past few years as consumers have become more keen towards adapting a healthier diet and lifestyle.
At the 2018 Gulfood event, many of the major F&B industry representatives echoed the health theme to meet the regional and local consumer demand for healthier and more authentic food products and ingredients. It should be noted that Dubai and UAE consumers are increasingly driven to try new cuisines and unique flavors.
Health and innovation credentials form the basis of new product development in Gulfood Innovation Awards 2018. From Vegan ice-cream made with olive oil to Lizi’s Organic Granola, this year’s winners came up with recipes that delivered nutrition and flavour.
UAE’s e-Commerce Industry – 2018
Convenience is also at the forefront of Gulfood 2018, with Dubai and UAE residents increasingly searching for e-Commerce websites/portals to deliver food packages to their homes/offices. This has encouraged many to invest in UAE’s e-Commerce industry setting up online portals to service consumers. According to experts, UAE’s e-Commerce industry is estimated to value at Dh 37 billion in 2018. In terms of packaging, a growing demand for smaller sizes was also observed.
Investment Opportunities – Dubai & UAE’s F&B Industry
The Middle East is one of the fastest growing F&B markets in the world. The UAE’s F&B market share alone is expected to reach Dh 48.5 billion by 2018, according to KPMG. Middle East is increasingly seen as a lucrative market by international F&B brands and manufacturers. In this context, Gulfood continues to attract exhibitors and visitors to Dubai, generating significant transactional volumes every year and setting global food prices. Gulfood 2018 was the biggest in record, which will consolidate Dubai’s lead role in setting the global food agenda.
February 26, 2018
MADE IN UAE SUMMIT BRINGS TOGETHER THE BEST IN MANUFACTURING INDUSTRY
Dubai – Another successful edition of Made in UAE Summit was held on Wednesday, January 17, 2018. The event hosted by SPI Great sands Group saw exhibitors and participants meet up over a string of networking events, presentations, and speeches by keynote speakers.
The event helped startups to interact with known names in manufacturing in the UAE including names like Zarooq Motors (that produces Sand Racer Sports Car, a high performance sports car), Falcon Technologies International (local mass producer of data storage solutions), and UAE’s own smartphone brand, Four (owned by Faisal Al Bannai, the CEO of Axiom Telecom along with cyber security expert company DarkMatter).
As a part of UAE’s strategy to diversify from the energy sector, the country has started to invest heavily into non-oil sectors which includes the manufacturing sector as well. The Made in UAE Summit tries to represent the amazing progress made by the manufacturing industry. The event brought together keynote speakers who shared their rich experiences with interested participants, along with fillip to the manufacturing sector in the UAE. With UAE’s industrial investments set to touch AED 257 billion (USD 70 billion) by 2025, it makes total sense to have a gathering of experts around the manufacturing sector – one of the key drivers of UAE’s GDP.
Made in UAE Summit – Key Benefits
Some of the key benefits participants and exhibitors derived included –
1 – Companies got the chance to mingle and unlock new business opportunities by interacting with more than 500 MFG decision makers across the length and breadth of the UAE region.
2 – Participating companies also got to know about the various trends, challenges, and innovations in the MFG sector. This helped them gain a competitive advantage in their business operations.
3 – Speeches and keynote address from industry influencers helps companies to know what potential opportunity can be extracted based on client demands in the current times.
4 – Companies also got to know how to future proof their business with the world increasingly shifting to a digital ecosystem, and accelerate business in face of evolving MFG industry vertical.
Impact of manufacturing sector on UAE and Dubai economy
UAE have a long standing vision of building competencies that encourages and promotes foreign direct investment in the country. Much of this will be driven by sectors like manufacturing, healthcare, education, and tourism. Because of this vision, UAE continues to be a leading destination for foreign investments into interesting projects that entail manufacturing of products.
Currently, construction projects worth AED 569 billion (USD155 billion) are underway in the country, which tremendously boosts the health of the UAE’s, manufacturing industry. The robust outlook for manufacturing can also be explained by the fact that the UAE’s economy is expected to grow at around 4%. The upcoming World Expo 2020 too will focus on manufacturing along with the three core non-oil sectors. The massive event is expected to rake investments worth AED 367 – 551 billion (USD100 – USD150 billion) in various sectors of Dubai economy and manufacturing is expected to be one of the key beneficiaries of the mega event.
This sector is also expected to maintain UAE’s standing as the 15th most competitive nation worldwide, backed by the UAE and Dubai strategic vision to continue growing in the right direction in the next 5 – 7 years.
Research Konnection – Market Research, Feasibility Study & Business Plan Services Dubai (UAE) Research Konnection is a market research company in Dubai that assists local and international companies to setup or expand businesses in Dubai and UAE smoothly. At Research Konnection, we specialize in Market Research, Feasibility Studies and Business Plan Developments. Feel free to reach out to us on firstname.lastname@example.org…January 23, 2018