Dubai has announced it will build Asia's first free zone for e-commerce, named Dubai CommerCity. The $740m project is a joint venture between the Dubai Airport Free Zone Authority and Wasl Asset Management. The zone covers 2.1 million sq ft and will be based near Dubai airport in Umm Ramool. The space will feature office buildings, retail areas and logistics facilities. It is hoped the initiative will attract foreign direct investment from e-commerce companies in areas such as logistics, electronic payments and IT that want to expand into Asia and south the Middle East.
Dubai has announced it will build the Middle East's first free zone for e-commerce, named Dubai CommerCity. The $740m project is a joint venture between the Dubai Airport Free Zone Authority and Wasl Asset Management. The zone covers 2.1 million sq ft and will be based near Dubai airport in Umm Ramool. The space will feature office buildings, retail areas and logistics facilities. It is hoped the initiative will attract foreign direct investment from e-commerce companies in areas such as logistics, electronic payments and IT that want to expand into the Middle East and south Asia.