Page 847 - MOE ENGLISH PR REPORT - DECEMBER 2024

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The two-day forum provides a unique opportunity for collaboration, knowledge sharing, and obtaining
insights into emerging trends. It also facilitates the exchange of expertise among government officials,
CEOs, and thought leaders on the future of digital commerce, artificial intelligence, e-commerce trends,
sustainable logistics, and investment opportunities

The opening ceremony was attended by Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign
Trade; Murodali Alimardon, Deputy Prime Minister of Tajikistan; Abdullah Al Basti, Secretary General of
The Executive Council of Dubai; Dr. Mohammed Al Zarooni, Executive Chairman of DIEZ and Chairman of
the Board of Dubai CommerCity; Tugay Tunçer, Ambassador of Turkiye to the UAE; Mohammad Ali Rashed
Lootah, President and CEO of Dubai Chambers; Hesham Al Qassim, CEO of Wasl Asset Management
Group; Omar Nart, CEO of WORLDEF, along with representatives from leading international digital
commerce companies.
Also in attendance were Sherali Kabir, Minister of Industry and New Technologies of Tajikistan; Kurbon
Hakimzoda, Minister of Agriculture of Tajikistan; Halimzoda Abdulrahman, Deputy Chairman of the
Executive Office of the Administration of the President of Tajikistan; as well as ambassadors from Mexico,
the Dominican Republic, Panama, Argentina, Tajikistan, and Colombia and Consuls-General of Singapore
and Turkiye in Dubai.

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 to
invest in infrastructure to advance digital commerce across the Middle East and beyond, including the
development of Dubai CommerCity—the region's first and leading free zone exclusively dedicated to
digital commerce,” Dr. Al Zeyoudi added.