Actualités  •  Membres

Following the Success of Tradeling DIEZ Highlights Growth Opportunities In B2B eCommerce

DIEZ unveiled promising trends that will have a lasting impact on the regional economy following the success of Tradeling.

  • DIEZ unveiled interesting trends that will have a lasting impact on the regional economy and delved deeper into the functions of the B2B eCommerce space
  • Revenue growth of more than 35% month on month since inception
  • Tradeling’s products selection is nearly approaching 1 Million products in 14 categories since its inception in 2020

Dubai, UAE – 16 May 2022: The Dubai Integrated Economic Zones (DIEZ) unveiled promising trends that will have a lasting impact on the regional economy following the success of Tradeling, the Middle East and North Africa’s dominant e-marketplace focused on business-to-business (B2B) transactions.

Since its inception in 2020, Tradeling has seen exceptional revenue growth of more than 35% month on month and its product selection reached close to  1 Million. Today, Tradeling has over 150,000 registered buyers and sellers from over 55 countries and has seen a notable 100,000 requests for quotations and inquiries.

The consequences of COVID-19 forced the world to change the way it operates, and the UAE responded with fast changes to accommodate big strides toward digital solutions. One of the biggest trends that emerged from the pandemic was partnering with third-party logistics providers in order to streamline the supply chain process. With updated business laws and regulations, it is now easier and more convenient for businesses to operate in the UAE.

Recent studies revealed how the recent unprecedented challenges of a global pandemic saw the need for a new retail model that is driven digitally wherein 82% of companies intend to increase the use of B2B e-commerce, and 86% of businesses feel technology will assume greater significance followed by e-commerce at 84%.

DIEZ have noticed an increase in Entrepreneur's interest to bulk buying products and re-selling them across different direct to consumer channels giving them generous profit margins and ease of operations of the “B2B2C” module led by Tradeling in which the latter absorbs the efforts of facilitating warehouse storage management, trade finance, product inspections and last-mile delivery to any location desired by the customer.

His Excellency Dr. Mohammed Al Zarooni, CEO of the Dubai Authority for Integrated Economic Zones (DIEZ), said: "The Dubai Authority for Integrated Economic Zones, through its three free zones, is working to develop a distinguished economic system that plays a pivotal role in the economic growth of the Emirate of Dubai and in reinforcing Dubai’s position as a pioneer in adopting solutions and initiatives and launching digital platforms that facilitate the performance of businesses of global, small, and medium companies. Tradeling is among these forward-thinking initiatives that emphasize digital excellence within a flexible economic environment that fosters businesses and their development.”

He added: "Through these various initiatives, projects, and solutions, we seek to structure the future and provide a unique, world-class approach in supporting businesses and companies, in line with the efforts to achieve the vision of the wise leadership in creating an economic market in the emirate characterized by the diversity of investment fields, the simplicity of conducting businesses and the highest levels of competitiveness. The eCommerce sector in general and B2B trade, in particular, are among the most prominent focus areas within the authority’s strategy during the next stage, given the great economic and investment capabilities and opportunities that it provides as well as the increased adoption of the digital-first mentality by companies that aspire to expand in this field in the future.”

Marius Ciavola, Chief Executive Officer at Tradeling, said: “B2B eCommerce transactions in the Middle East & North Africa make up only 1% or even less than that of a $1 trillion sized global market, that’s quite an insignificant size given the kind of potential B2B online deals has in these markets. Our aim is to push that percentage to 4% - 5% and make it into a $50 billion size business. We are also on a mission to transform the way B2B trade is conducted to become digital-first, eliminating hassles and simplifying the process for buyers and sellers alike. The region’s growth potentials are huge and we are barely scratching the surface.”

He added: “Tradeling is in a unique position to shape the future of trade and we are very fortunate to have the backing of DIEZ from the start of our journey till date. DIEZ enabled us to unlock a number of collaboration opportunities and accelerate our growth plans, all while trusting our team of start-up builders to carry the load and operate as a privately owned business”

Tradeling was established as part of the government’s futuristic vision and launched as part of the Dubai 10x initiative, with private management and the support of the Dubai Integrated Economic Zones, Tradeling works to create innovative solutions that meet the aspirations of customers across various vital industries. 

It is worth noting that DIEZ is contributing to 11% of Dubai’s overall trade volume and has witnessed an 8.3% growth in new sales revenues for the first half of the current year as well as a 24% rise in the leased areas compared to the same period in 2021. DIEZ also saw an 88.4% increase in the number of registered companies compared to the same time in 2020, with a 23.5% increase in multinational company registrations.

DIEZ plays a key role in the UAE's efforts to promote economic diversification, as it includes more than 5,000 companies, and its contribution to Dubai's GDP is 5%.

About Tradeling:

Tradeling is the dominant business-to-business ecosystem in MENA, with its e-marketplace and other platforms such as edukaan, Tradeling Pro and Tradeling Commodities, catering to all types of business customers. Driven by the purpose that everything they do, they do because they believe the future of trade is digital. They believe that the future is also now. The way they shape the future is by building a digital ecosystem, beautifully designed and simple to use. They give their users what they never thought they needed.

Tradeling ensures a reliable and smooth trade process in addition to providing logistics and financing solutions. Connecting global suppliers with MENA-based demand, Tradeling leverages advanced technology to optimise the supply chain and creates economic value in addition to mitigating risks. Enabling buyers to find the right products and materials as well as engage with new suppliers and Middle Eastern buyers, Tradeling helps in negotiating prices and delivering end-to-end services for business-to-business trade engagement.

For more information, visit:

 

Articles sur le même thème

Aucune actualité disponible.

Evénements sur le même thème

Partager cette page Partager sur FacebookPartager sur TwitterPartager sur Linkedin