The UAE’s first online shopping mall launched on Monday, signifying the growing demand for online retail in the region.
Endorsed by the Department of Economic Development (DED), Tejuri.com went live on Monday offering users products and services from a range of UAE retailers, all accredited by the DED.
Retail plays an important role in the UAE’s economic growth, accounting for 12 per cent of Dubai’s GDP over the last ten years.
Mohammed Sharaf, chairman of Tejuri, said: “By taking the offerings of our malls and retail spaces online, we are taking consumer engagement to an advanced, global level and opening up a new avenue not just for established retailers but also for small and middle-sized local business looking to break into the retail arena.”
E-Commerce in the GCC is on the rise, thanks partly to the region having one of the highest per capita internet penetration levels in the world and an internet-savvy young population.
As a result, the Gulf’s online spending potential is emerging as one of the highest globally with $3.2 billion spent by online shoppers in the region last year.
“Tejuri.com is a natural extension of Dubai’s world-class retail industry. People flock to our malls as we offer a large selection of products in a variety of brands and Tejuri allows consumers to tap into the same products and services, with the click of a button,” said Ayaz Maqbool, managing director at Tejuri.
“By offering such variety in choice, we are able to replicate and enhance the mall experience, providing consumers with a shopping experience that is convenient and secure.
“In parallel, retailers are attracted by the considerably lower capital investment and wide customer base compared with a bricks-and-mortar mall. eCommerce provides an ideal solution for brands looking to expand beyond their traditional customer base.”