Business

Ajman Free Zone (AFZ) has partnered with Seamless Webinar to host an online discussion on how to construct an e-commerce business rapidly and efficiently. The session, which was scheduled to held at 11 AM (GST) on May 13, 2020, will feature Athbi Al-Enezi, Co-Founder of JustClean, Kuwait; Ammar Akhtar, Chief Executive Officer, Finalrentals; and Leena Khalil, CCO / Co-Founder, Mumzworld; alongside Sheikha Al Nuaimi, Executive Director of Marketing and Sales, Ajman Free Zone and will be moderated by Sowmya Iyer, Founder and CEO, DViO Digital. The free to attend webinar will dive deep into the finer components of e-commerce business and will have a look at how the drastic modifications added about by the COVID-19 pandemic modified consumer voices and preferences, similarly including to the importance of e-commerce.

As the range of registrants have already reached to more than 450 and is anticipated to increase, the online event is set to welcome members in addressing numerous topics, such as how to begin an e-commerce business endeavor and what are the solutions and aspects available in the country. The panel discussion will discover validation of product concepts and their potential market; decision of the proper sales channel combine for your business; the benefits of third-party marketplaces; driving centered traffic for advantageous client acquisition; balancing usability with design; and abiding by a lean method model for earnings prioritization; in addition to assessing the significance of alternate payment options.

At a compound annual growth rate (CAGR) of 7.6 per cent between 2020 and 2024, the international e-commerce market quantity is anticipated to touch USD 3.004 million by 2024. In terms of e-commerce boom in the region, the digital increase has spurred its growth, with the UAE hastily turning into a regional hub for e-commerce activities. Thanks to the considerable use of cell phones; excessive adoption by tech-savvy millennials who account for 30 per cent of the population; impervious digital payment systems; and strong government support, e-commerce in the UAE is developing at a extraordinary rate of 23 per cent each year. With a penetration rate of 4.2 per cent, the UAE has the most advanced e-commerce market in the Middle East and North Africa (MENA) region.

Ajman Free Zone has been witnessing a massive growth in the business as organizations take benefit of the advantages from a package of services offered to the e-commerce sector and launch the promoting of products via the Internet. The Free Zone has additionally witnessed an extend in demand for the e-commerce package and package for impartial experts throughout the previous six months, following the sturdy range of solutions and aspects that allow business leaders to establish their business in accordance to their needs. Starting companies can choose from offices of various sizes and in a number of strategic locations as well as warehouses adjoining to the Ajman Port and nearby airports and gain from a community of roads that facilitate transport of items for distribution.

Commenting on the webinar, Sheikha Al Nuaimi, Executive Director of Marketing & Sales, Ajman Free Zone, said: The ongoing pandemic crisis has as soon as again underscored the want for e-commerce techniques for businesses. We noticed that countries that responded to the COVID-19 disaster by immediately using new technologies, implementing lockdowns, and getting ready for the worst-case situations have been able to contain the scenario quicker and more effectively. Although shifting your business online in the face of the disaster can be quite beneficial, there are certain elements that have to be taken into consideration earlier than doing so.

The drastic modifications brought about by the COVID-19 crisis have additionally led to massive modifications in consumer voices and habits. Although e-commerce has constantly witnessed growth, the COVID-19 outbreak has underlined its significance in making sure the resilience and long-term sustainability of any business. Digitalization and the entirety it implies performs a massive role in improving an organizations emergency preparedness and potential to get better from it.

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