Page 823 - MOE ENGLISH PR REPORT - DECEMBER 2024

12/27/24, 5:18 PM Global E-commerce sales set to surpass $6.4 trillion this year

Global E-commerce sales set to

surpass $6.4 trillion this year

05 Dec 2024

Picture used for illustrative purpose only.

Participants at the WORLDEF Dubai 2024 forum, held at Dubai CommerCity, emphasised the
importance of e-commerce as a pivotal sector for economic growth in the region. They pointed to the
great opportunities that the UAE and GCC countries offer to boost cross-border digital commerce.

In his opening address at the forum, Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for
Foreign Trade, said: "E-commerce has emerged as a cornerstone of the global economy,
transforming industries and redefining consumer experiences over the past 25 years. This year,
global e-commerce sales are expected to surpass $6.4 trillion, with mobile commerce accounting for

nearly $2 trillion of that total. In 2024, online purchases will represent 20% of all retail sales-a
testament to how deeply digital trade has become embedded in our lives, fuelled by widespread
internet access and mobile connectivity.”

"The UAE has long recognised the transformative potential of e-commerce. This is why we continue

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