UAE launches the “first” free e-commerce zone, Dubai CommerCity, in the MENA region, Invest-Gate reports.

Being a joint venture between Dubai Airport Freezone Authority (Dafza) and Wasl Asset Management Group, Dubai CommerCity will be established at a total investment cost of AED 2.7 bn area in Umm Ramool, Dubai.

“Dubai CommerCity spans a total area of 427,000 square meters, inclusive of office spaces and logistics units covering 207,000 square meters; a total leasable area of 176,000 square meters; and infrastructure and parking areas over 220,000 square meters, with 4,000 parking slots for its customers,” according to a statement.

The free zone is divided into three clusters, the first of which is the business cluster with 13 office buildings with a total leasable area of 108,000 square meters and a total built-up area of 136,000 square meters.

The logistics cluster consists of 84 logistic units with a total built-up area of 71,000 square meters and a leasable area of 68,000 square meters, while the social cluster comprises art galleries, a range of luxury restaurants and cafés, and vibrant facilities.

To help provide an environment that attracts more direct foreign investments in line with Dubai Plan 2021, the project will accelerate the growth of the e-commerce market which is expected to reach USD 20 bn in 2020 in the GCC countries.