Business

H.H. Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of the Dubai Airport Freezone Authority (DAFZA), witnessed the launch of 'Dubai CommerCity,' an AED 2.7-billion, 2.1-million square feet joint venture between DAFZA and wasl Possession Monitoring Group, in the Umm Ramool area. Dubai CommerCity, the initial totally free zone dedicated to shopping in the MENA region, is strategically intended to advertise Dubai's position as a leading platform for global ecommerce and to support economic diversity and smart transformation strategies.

The project will certainly speed up the growth of the e-commerce market which is expected to reach USD 20 billion in 2020 in the GCC countries. It will certainly offer an environment that promotes imagination and draws in extra direct international financial investments according to Dubai Plan 2021 which intends to produce a unique and lasting economy based on innovation.

H.H. Sheikh Ahmed Bin Saeed Al Maktoum shared his confidence that the joint endeavor will add a new dimension to Dubai's commercial activity and will certainly assist draw in even more straight foreign investments to the emirate. The project is led by the motivating vision of H.H. Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, to develop a unique and sustainable economic climate based upon growth, innovation, diversification, and competitiveness. These are attributes of the post-oil phase which are in line with Dubai Plan 2021's goal of making Dubai first around the world in ease of doing business along with a preferred investment destination by 2021.

His Highness highlighted that complimentary areas delight in flexible and adaptable legislations and business systems - a unique function that equips financial clusters and accelerates their development. He included that free zones also play calculated duties in your area and regionally in boosting global trade routes and supply chains. DAFZA, he kept in mind, has all the components and elements to attain success, pointing out that for the last 20 years its remarkable accomplishments have made the confidence of the international business community and its leaders.

Competitive advantages for pushing e-commerce to the fore

Dubai CommerCity has exceptional competitive advantages that make it one of one of the most eye-catching free areas for international straight financial investment in the regional markets, and a unique entrance for Dubai and the UAE to access an appealing international economic sector. The new totally free zone is tactically located near the Dubai International Flight terminal, well-connected to major local and nationwide highways. It offers straight access for ecommerce stakeholders in the MENA and South Asia areas. It provides world-class freight and logistics services and an integrated and innovative framework with very easy access to land and ports, making it possible for swift and reliable distribution and delivery of services which are important to contending on the planet of shopping along with minimizing supply chain costs.

H.E. Dr. Mohammed Al Zarooni, Director General of DAFZA, said: "Dubai CommerCity will enhance the function of ecommerce as a key vehicle driver of Dubai's sustainable economic situation. DAFZA will use its leading experiences and solutions based on detailed studies on the future of e-commerce in the MENA region. Dubai CommerCity matches the expansion plans and accomplishments led by DAFZA focused on bring in foreign direct investments to Dubai, owned by its vision, 'The complimentary area that exceeds,' together with wasl Property Administration Group with which we have an effective partnership. Through Dubai CommerCity, we intend to play an organizational, functional and knowledge-based role that will contribute to the building of a new first-rate totally free area and the production of a merged platform for government, management, custom-mades and logistics solutions that fulfill the requirements of the e-commerce field, in action to the vision of the wise management of accomplishing sustainable development".

His Excellency Hesham Abdulla Al Qassim, CEO of wasl Asset Management Group, commented: "We eagerly anticipate partnering with DAFZA to convert the vision of our wise management making Dubai one of the best investment destinations worldwide. Our joint endeavor sustains the nationwide economic diversification method and the production of a sustainable economic climate based upon innovation and competitiveness. The new totally free zone is purposefully situated close to Dubai International Airport, one of the busiest airport terminals in the world, using appealing investment chances to reputed e-commerce business that are looking for to develop a visibility and broaden in the MENA and South Asia regions."

Project Development Plan

Dubai CommerCity spans a complete location of 427,000 square meters inclusive of office and logistics units covering 207,000 square meters; a complete leasable area of 176,000 square meters; and framework and parking areas over 220,000 square meters, with 4,000 car park ports for its customers. The free area is separated into three collections made in a modern and innovative method to strategically achieve ecological and financial investment sustainability. Modern innovations are carried out to provide capitalists with high quality experiences.

The Business Cluster includes 13 office buildings with an overall leasable area of 108,000 square meters and an overall built-up location of 136,000 square meters. It showcases modern buildings and landscapes within the exterior and interior locations to urge customers to adopt a healthy and active method while working and to earn work routines intriguing and younger. The cluster is Leadership in Energy and Environmental Design (LEED) program licensed also.

The Logistics Cluster, on the various other hand, contains 84 logistic devices with a complete built-up area of 71,000 square meters and a leasable location of 68,000 square meters geared up with the current innovations to meet the needs of logistics providers and customers. The highlight of the collection is its rooftop PVC solar panels for generating tidy energy.

Finally, The Social Cluster is the heart of Dubai CommerCity, with its art galleries, a variety of luxury dining establishments and cafs, and vivid facilities that meet the assumptions of ecommerce firms desiring to establish regional headquarters in Dubai.

Dubai CommerCitys pioneering role in supporting the e-commerce system

The project, which will certainly be carried out in two phases, where 50% will certainly be finished at each phase is meant to be a detailed and modern system that sustains the ecommerce market and satisfies the current and future requirements of logistics, electronic payments, IT solutions, customer service, and various other related businesses. The project will be an ideal possibility for major regional and worldwide makers to store their products, products and spare components in state-of-the-art, fully-equipped, technology-enabled storehouses, to be shipped later on to the local markets in record time by means of e-commerce.

This is an encouraging environment for business and a collection of investment benefits that offer the passions of the foreign financiers and enhance its favorable role in the growth of the nationwide economic climate, such as the innovative Client Partnership Management (CRM) system, which functions to shorten time and offering quick solution, full foreign ownership rights and other smart non-traditional competitive advantages.

Dubai CommerCitys pioneering role in supporting entrepreneurship

Dubai CommerCity has a well-defined strategy to bring in even more international direct direct investments (FDI) with an incorporated portfolio of products and services inning accordance with the highest possible worldwide requirements. It is planned to be a meaningful setting that embraces, supports and establishes the capacities of youths and advertises entrepreneurship via a modern community that facilitates the conversion of innovative concepts right into truth. The project will help foreign capitalists develop an existence and increase in this area and enable young pioneers and business owners to go after encouraging opportunities within the shopping field, which functions as an excellent platform for establishing start-ups and sophisticated jobs according to initiatives to earn Dubai the most smartest city in the world.

The new totally free area will certainly likewise own steadily growing exclusive financial investment activities supporting the region's start-ups which have currently surpassed USD 870 million, specifically as most startups are associated with ecommerce, IT and Internet-based services, which the UAE has the biggest share in the region. Over the following five years, the e-commerce market is predicted to account for 10 percent of the Emirate of Dubai's retail sales, which remain in turn anticipated to reach AED 200 billion by the end of 2017.

Advancing sustainability is a top priority

Dubai CommerCity is fully dedicated to supporting the goal of the wise management to minimize the UAE carbon footprint by 25 percent by 2030 with the adoption of non-traditional approaches according to global requirements for a sustainable environment and a green economic situation; lowering power intake by utilizing solar energy; and decreasing water wastage by 40 percent via the therapy of contaminated water and the collection and reuse of stormwater. Methods likewise include the decrease of contamination and application of global environmental criteria associated with the construction of light industrial units and buildings along with making use of environmentally friendly structure materials and recycled resources.

A strong start to modernize the e-commerce legislative system

The free zone is devoted to updating and upgrading the regional shopping legal system. It will benefit from the Memorandum of Understanding (MoU) signed between DAFZA and the Arab Federation for e-Commerce, a specialized company under the Arab Organization's Council of Arab Economic Unity, stipulating collaboration with Arab governments in developing and balancing legislation and regulations designed to facilitate the practice of ecommerce and drive the development of the digital economy.

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