Middle East Retail Startups Emerge Steadily as E-Commerce Blooms
Posted by Images RetailME on April 7th, 2021
The UAE is famous for the world class malls and experiential retail formats which attract tourists from across the world. Despite the fact that there is a strong brick and mortar retail economy in the region, companies and especially the startups are rapidly developing e-commerce platforms.
Today as the Middle East region offers an ever-growing consumer base supported by high mobile penetration, stable and high-speed telecom networks and world class logistics infrastructure there is a tremendous growth of ecommerce firms with every brick and mortar store going online. Currently for the e-commerce firms growth in the industry is a natural consequence. There is also a tangible change in the shopping behaviour of consumers who have accepted e-commerce and this is opening up lots of opportunities for new startups, supporting and strengthening the sector, with innovating technologies that conform to tailor-made requirements.
Evidently e-commerce and retail markets are all set to play a major role as they are now witnessing an exponential growth. Images Retail Me is involved in highlighting the success stories in these markets. With retail startups events you have deep insights and valuable lessons that attract entrepreneurs and emerging entrepreneurs from different parts of the world. UAE startups are strengthening e-commerce business by providing the right ecosystem. Today as digitisation brings developments across, e-commerce, wholesale, retail, B2B, cross border trade and supply chain and logistics sectors, retail startups are blooming like never before.
Going a step further after building a website it is essential for startups to utilize the online search, analytics, e-commerce platform, mobile apps and social media channel which are now necessary in order to stay relevant and competitive in the changing contours of the retailing sector.
The UAE’s retail startup scene is currently flourishing and as they unveil their strategy for the year 2021 they are attracting more foreign investments into the sector, the strategy aims to increase the market share of Dubai-based firms to several times by 2022.
With rapid technology advancements and rising customer expectations the global retail startup platform has been transformed in the past decade; however, this pandemic has been the key disruptor. It is a fact that the retail space will undergo massive changes as the age of disruptive technology, aggravated by the covid-19 pandemic. Moreover it continues to impact consumer behaviour and buying trends. With Covid-19 pandemic acting as a catalyst, online shopping in the Middle East region has been growing at a rapid rate. Retailers are required to proactively adopt technology transformation strategies to leverage this growth prospects as this trend is likely to continue to grow strongly in a post-pandemic world.
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