Business & Economy

  • Nasdaq Dubai Growth Market to Support UAE SMEs
    Nasdaq Dubai Growth Market to Support UAE SMEs

    Nasdaq Dubai Growth Market to Support UAE SMEs

    Small & Medium Enterprises (SMEs) account for approximately 90% of the business in Dubai. They contribute to nearly 50% of Dubai’s Gross Domestic Product (GDP) and account for 52% of the total workforce in the Emirate. The Covid-19 pandemic has resulted in an economic slowdown impacting local SMEs. In order to support these SMEs, the government has launched several measures to help them deal with the financial fallout. One such measure is the initiation of Nasdaq Dubai Growth Market.

    Nasdaq Dubai Growth Market to Support the SMEs

    H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, has launched the Nasdaq Dubai Growth Market which will help the SMEs by raising capital through Initial Public Offerings (IPOs) for their future expansions. The initiative falls under the Dubai Future District that focuses on leading the MENA (Middle East & Africa) region and creating a future economy by providing investment, technical, legislative, service and incentive-driven environment.

    The Nasdaq Dubai Growth Market will provide a platform to innovative and fast-growing SMEs to list their business on the region’s international exchange creating an environment where businesses can prosper through forming partnerships. This will not only provide business opportunities for the SMEs within the UAE, but also for the international companies that are looking to expand in the region. As a consequence, Dubai is expected to see a boost in the economy thereby stimulating the growth across various sectors through this initiative.

    The Nasdaq Dubai Growth Market

    The Growth Market will play a critical role in the future by financing innovative businesses to accelerate their growth and create new markets for their products/services. The launch of this initiative will strengthen Dubai’s position as a regional leader in innovation across industries.

    The Nasdaq Dubai Growth Market will allow SMEs that are valued below AED 920 million (USD 250 million) to list their business. One precondition is that business should be in operation for 1-3 years before it is listed on the platform. The Growth Market will allow owners of the business to handle the IPO and they can sell as little as 25% of the company shares providing them with control over their business operations. Several companies have already listed themselves in the Nasdaq Dubai Growth Market. They are expected to be launched in 2021.

    Impact on Future Dubai & UAE Economy

    The Nasdaq Dubai Growth Market will have a significant impact on the SMEs that are looking to expand their business. The Growth Market will also contribute to the UAE’s vision to achieve zero contribution of oil in its GDP over the course of next 50 years. It will also help UAE in strengthening its position as a regional leader in Innovation, Finance, Logistics, Infrastructure and Business Services.


    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 ResearchFeasibility Studies and Business Plan Development. Feel free to reach out to us on hello@researchkonnection.com

  • Feasibility Consultants Dubai
    Dubai to build Commercity to promote e-Commerce Industry  

    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.

    Dubai Commercity

    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. 

    Read: UAE Economic Strategy & Response Plan 2020 (COVID-19)


    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 hello@researchkonnection.com

  • Market Research Companies in UAE
    UAE Government Develops Economic Sustainability & Business Continuity Plan To Combat COVID-19 Challenges

    UAE Government Develops Economic Sustainability & Business Continuity Plan To Combat COVID-19 Challenges
    Dubai Under the directives of H.H. Sheikh Mohammed bin Rashid Al Maktoum, th…

  • Abu Dhabi Economic Stimulus Package
    Abu Dhabi Economic Stimulus Package

    Abu Dhabi Economic Stimulus Package
    By the year 2018, the government of Abu Dhabi initiated Ghadan 21 and allocated funds of AED 50 billion to be spent over the next three years that would help kick-start the Emirate’s …

  • UAE’s Food & Beverage Industry Outlook
    UAE's Food & Beverage Industry Outlook 2020

    UAE’s Food & Beverage Industry Outlook
    UAE is the second biggest market in GCC’s food and beverage sector with the country’s population at over 10 million people in 2018 witnessing a continued influx of more than 17 mil…

  • Dubai GDP to growth
    Dubai GDP to grow by 2.4% in 2019 – S&P Global Ratings

    Dubai GDP to grow by 2.4% in 2019 – S&P Global Ratings
    Dubai economy is projected to grow by 2.4 per cent in 2019 on account of increased economic activity associated with EXPO 2020, according to S&P Global Ratings….

  • China to invest $3.4bn in Dubai’s logistics and trading sectors
    China to invest $3.4bn in Dubai’s logistics and trading sectors

    China to invest $3.4bn in Dubai’s logistics and trading sectors

  • Dubai GDP to grow by 2.1% in 2019 - DED
    Dubai GDP to grow by 2.1% in 2019 - DED

    Dubai GDP to grow by 2.1% in 2019 – DED
    Dubai economy is expected to grow by 2.1 per cent in 2019 according to the latest report released by the Department of Economic Development (DED). The report indicated a shift in econ…

  • AIM To Promote Start-up Economy
    AIM To Promote Start-up Economy in Dubai & UAE

    AIM To Promote Start-up Economy in Dubai & UAE
    The AIM (Annual Investment Meeting) Start-up is one among the initiatives taken by the UAE government to promote Small and Medium Enterprises / Projects in the Emirates. Th…

  • Gulfood 2019 Elevates Dubai’s Lead Role in Global Food Industry
    Gulfood 2019 Elevates Dubai’s Lead Role in Global Food Industry

    Gulfood 2019 Elevates Dubai’s Lead Role in Global Food Industry
    The world’s largest Food and Beverage (F&B) event Gulfood 2019 recently concluded in Dubai. The 24th edition of Gulfood 2019 attracted over 5,000 exhibito…

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