Arab News, Monday, Apr 19, 2021 | Ramadan 7, 1442
Dubai completes first phase of e-commerce free zone
Emirates:
The first phase of a new Dubai fee zone dedicated to e-commerce has been
completed.
It includes 470,000 square feet of real estate.
The 3.2 billion dirhams ($871 million) Dubai CommerCity project also includes
145,000 square feet of e-commerce logistics units and warehouses in a cluster
managed and operated by Hellmann Worldwide Logistics and DHL.
It has leased 51 percent of the logistics warehouses to companies operating
across IT, fashion, jewelry and electronics.
“The launch of Dubai CommerCity aims to lead the future of e-commerce business
in the region,” said Sheikh Ahmed Bin Saeed Al-Maktoum, chairman of the Dubai
Airport Freezone Authority. “The project has been thoroughly studied not only to
provide foundational solutions, but also to stimulate and support business and
prosperity at a time when the sector is going through peak growth.”
The e-commerce sector in the Gulf is booming with the forced closure of bricks
and mortar shops during the pandemic giving the industry a further boost.
The free zone provides opportunities for manufacturers, distributors and global
e-retailers while offering tax and investment incentives, it said.
It is divided into three main clusters — Business, Logistics and Social.