Amazon, the world's biggest e-commerce company, will showcase 100,000 businesses, including local small and medium enterprises, on its UAE website by 2026, Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, has said.
“Dubai has positioned itself as a thriving centre for the digital economy,” Sheikh Hamdan said on Twitter on Tuesday.
“I welcome Amazon’s plans to showcase 100,000 businesses, including local SMEs, on Amazon.ae by 2026.
“This initiative will grant Emirati companies a global platform, aligning with D33's aspirations, and enabling further progress towards our shared goals.”
Launched in January, D33 aims to double the size of Dubai’s economy, with a target of reaching Dh32 trillion ($8.7 trillion) by 2033 and establishing the emirate among the top three global cities.
It aims to make Dubai a global digital economy leader, the fastest-growing and most attractive global business centre, a centre for sustainability and economic diversification, an incubator and enabler of talented citizens, and a preferred destination for major international companies and investments.
"We are constantly making investments to support the UAE’s digital economy. As part of this initiative, we will continue to support local businesses and SMEs to help them thrive and successfully grow their business by providing them access to customers on Amazon.ae, as well as our technology and logistics solutions with Fulfillment by Amazon," Ronaldo Mouchawar, vice president at Amazon Mena, told The National.
"Our global registration program on Amazon.ae also makes it easier and more seamless for local sellers to sell on Amazon stores globally, reaching hundreds of millions of worldwide active customer accounts."
The 10-year D33 strategy also envisages a programme to support 30 private companies to achieve the unicorn status ― start-ups worth more than $1 billion. Other business incubators will support the growth of private companies, with 400 of the most promising identified.
Amazon has been actively investing in the UAE in recent years.
It is building the Middle East's most technologically advanced warehouse in Abu Dhabi and also opened a major warehouse in the emirate in June last year.
Aligning with the Dubai Economic Agenda D33, Amazon aims to grow the number of SMEs that sell on Amazon.ae "from 50,000 to 100,000 by 2026", Mr Mouchawar said.
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
THE SCORES
Ireland 125 all out
(20 overs; Stirling 72, Mustafa 4-18)
UAE 125 for 5
(17 overs, Mustafa 39, D’Silva 29, Usman 29)
UAE won by five wickets
UAE currency: the story behind the money in your pockets
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Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
Founders: Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Albabtain.
Based: Riyadh
Offices: UAE, Vietnam and Germany
Founded: September, 2020
Number of employees: 70
Sector: FinTech, online payment solutions
Funding to date: $116m in two funding rounds
Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices
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Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
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- Specialist robotics and science laboratories
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- Disruption Lab and Research Centre for developing entrepreneurial skills
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5