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Mon 8 Jun 2020 07:30 PM

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Online business booms in UAE with 300% rise in consumer demand

Nearly 200 licenses were issued in the e-commerce sector in May 2020

Online business booms in UAE with 300% rise in consumer demand
E-commerce is expected to grow in the UAE

As the coronavirus pandemic looms, online businesses are booming in the UAE.

The country’s e-commerce sector was issued the highest number of licenses – 196 - in May 2020, according to data from the National Economic Register reported by Emirates news agency WAM, while the first five months of the year saw a 300% rise in consumer demand for e-commerce services.

In comparison, the same report revealed 120 licenses were issued to general trade businesses, 115 to project management services, and 97 for building painting activities.

Moreover, sectors issued the highest number of licenses included construction, with 55 licenses issued, repair and maintenance of extensions and electrical installations, with 40 licenses issued, dessert preparations (39 licenses), cold and hot drink sellers (36 licenses), and snack stalls and new restaurants (33 licenses).

The total number of licenses issued in the UAE in the same month amounted to 764, but is expected to increase, particularly in the e-commerce sector.

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