Dubai Chambers has effectively hosted a workshop analyzing Federal Decree Legislation Refuse. 14/2023 on Buying and selling via Trendy Technological Manner. The consultation was once aimed toward highlighting the usefulness of the legislation and adorning consciousness a few of the native trade crowd on its important position in selling the expansion of the ecommerce sector.
Hosted in collaboration with BSA Ahmad Bin Hezeem & Mates, the workshop was once attended via selection of individuals from the non-public sector and addressed the applying of the legislation, in addition to a territory of subjects alike to the ecommerce sector together with contracting mechanisms, logistics laws, insurance coverage, virtual id, and knowledge coverage.
The consultation supplied individuals with a greater working out of the criminal sides situation ecommerce transactions following the implementation of the pristine legislation. Adopting a forward-thinking method, the workshop additionally introduced complete insights on virtual id and dispute solution mechanisms, at the side of the regulation’s courting with alternative related regulations.
The well timed consultation comes within the wake of a length of fast construction inside the UAE’s ecommerce sector. The worth of ecommerce gross sales within the nation is predicted to succeed in a Compound Annual Enlargement Charge (CAGR) of 10% between 2023 and 2028 to succeed in greater than AED 42.1 billion in 2028.
In step with the Dubai Quarterly Industry Survey for Q1 2024 issued via Dubai Chambers, which accumulated the evaluations of 507 CEOs and executives of businesses working in Dubai, ecommerce ranked 3rd a few of the maximum chief subjects focused via individuals who deliberate to take pleasure in virtual generation all through the primary quarter of the hour. Virtual cost answers got here first, adopted via virtual advertising in 2d park and synthetic prudence (AI) in fourth park.
Because the engine of Dubai’s economic growth, Dubai Chambers performs a an important position in facilitating and bettering the diversion of doing trade in Dubai date handing over value-added services and products. The organisation is dedicated to boosting the expansion of native companies and serves as a bridge connecting Dubai’s dynamic trade crowd with the federal government, performing as an impressive recommend for the emirate’s trade pursuits.
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