Growth Trends

Ramadan Kareem!

Cryptocurrencies have been gaining focus recently around the region and with the issuance of new?virtual asset regulations, it’s not a surprise that the?UAE leads globally?when it comes to trust in cryptocurrencies according to?YouGov’s latest “The Future of Financial Services Report”. The report uses deep-dive custom research and data from YouGov’s profiles to explore the current global financial landscape, and identify the global adoption of, and trust in, new and emerging financial services across 18 international markets.

Business in the UAE seems to be thriving if the announcements of mergers and acquisitions are a judge. ServeU has signed a strategic?MoU with RESET MENA, an energy, and utilities turn-key project company, to collaborate across the UAE to target an estimated AED 15 million in revenue over the next 12 – 18 months. The agreement comes as ServeU further enhance and expand services within their growing energy management division.

As e-commerce continues to grow,?CommerceUp has officially debuted?in the MENA region to tap into the region’s e-commerce industry which remains upbeat. According to Digital Marketing Researches & Reports, the value of the regional ecommerce market rose to USD 41.5 billion in 2020.

Abu Dhabi Ports Group has partnered with UAE-based Ghassan Aboud Group to establish one of the region’s largest automotive export and distribution hubs in KIZAD. Spread over 3.3 sq. km in KIZAD, the?Regional Auto Hub – Abu Dhabi?feature dedicated areas for showrooms, storage, spare parts, workshops, test tracks, auction houses, social and office spaces in addition to logistics services, government support and commercial support services.

Continuing in the spirit of supporting growth and infrastructure, Dubai Industrial City has announced that it will?host an advanced freight terminal spread?across 5.5 million square feet. The rail freight terminal will complement Dubai and the UAE’s advanced infrastructure and state-of-the-art transport network, cementing the nation’s position as a gateway to the Middle East, North Africa and South Asia (MENASA).

The UAE’s first-ever, federal, data protection law comes into effect on 28 May 2022 and promises to fundamentally change the marketing game for companies in the UAE and anyone marketing to UAE-based consumers. Martin Kubler, Chief Sloth at The Gluttonous Sloth – a business consultancy, shares why it is important. Over two parts he outlines?what the law means for marketeers?and in the second one,?what you need to do?to stay compliant.

What are the growth trends in your sector? Would love to hear back.