Sharjah: Saud Salim Al Mazrouei, director of the Hamriyah Free Zone Authority, HFZA, and Sharjah Airport International Free Zone, SAIF Zone, has said that the shift of consumer preference for organic products in the Middle East, and the UAE’s position as the second largest market for organic food in the region, has made the sector integral to the UAE free zones.
With the cosmetics and personal care sector’s value amounting to almost US$ 1 billion, a recent study indicates that one in every ten consumers in the UAE spends around AED 60,000 on personal care annually. This is the same as the value of a year’s rent or a medium-range car.
The UAE market achieved 6-7 percent growth in 2014,
Internet spending in the Middle East is booming with GCC countries expecting a 40 per cent growth in eCommerce by 2020, said Sarwant Singh, senior partner and practice director at Frost & Sullivan.
“The potential of eCommerce in the Gulf is very high and by 2020 eCommerce sales across GCC countries is expected to touch $41.5 billion (Dh152.42),
Enthusiasm grows in UAE as businesses licenses increase in Dubai lately. Business licenses created in 2014 rose with 13% compared to the previous year, which shows that business is flourishing in Dubai. Business experts in UAE report on the latest news. There have been many comments about UAE acting as a connection between the Middle…
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