Dubai CommerCity, a joint venture between the Dubai Integrated Economic Zones Authority (DIZ) and Wasl Properties, has announced the launch of Logi-Flow, a service to integrate the logistics operations of small and medium-sized companies with blockchain technology, which contributes to reducing costs for companies of this size. And in enhancing the flexibility and efficiency of its logistics operations in general, and digital trade operations in particular.
This comes in line with the objectives of “Dubai CommerCity”, aimed at achieving the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, may God protect him, in consolidating Dubai’s position as the capital of the digital economy and supporting various national strategies related to the digital economy. Future technologies in Dubai and the Emirate’s digital transformation process, by providing a unique digital system that enhances corporate operations and supports them in facilitating doing business, and the technologies of the Fourth Industrial Revolution “Blockchain” for small and medium-sized companies.
Secure and measurable Logi-Flow relies on a pay-as-you-go system according to the volume of transactions, with round-the-clock support services without expenses associated with IT services and maintenance, and complete transparency during the entire order stages from creation to delivery.
costs
Abdul Rahman Shaheen, Senior Vice President, Property and Supply Chain Management, said: “This step comes in response to some challenges that companies may face in various stages of e-commerce operations, especially during the establishment stage, including the costs of establishing a company’s own blockchain platform, in addition to the annual costs of operating The infrastructure of these platforms is due to the nature of their systems around the clock, which may be reflected in the return depending on the volume of transactions, in addition to the availability of competencies specialized in these technologies at the market level.
He added: “This platform will provide a unique solution that helps enable the operations of emerging, small and medium companies, in addition to contributing directly to promoting the development and growth of the e-commerce sector during the next stage, especially in light of the expectations that the share of retail e-commerce sales in the UAE will reach 12.6. percent of total retail sales by 2026.
It is noteworthy that “Dubai CommerCity” is part of the Dubai Integrated Economic Zones Authority, which was established in 2021 as a supportive and enabling entity for the operations of a number of free zones, including the Dubai Airport Free Zone, Dubai Silicon Oasis and “Dubai CommerCity”, and mainly seeks to achieve integration. between all economic zones and enhance their role in supporting the economy and building an economic system that serves all strategic sectors and contributes to enhancing competitive capabilities in the Emirate of Dubai.
Dubai CommerCity extends over an area of 2.1 million square feet and was developed at a cost of 3.2 billion dirhams to support new and existing digital commerce companies in the Middle East, North Africa and South Asia. Dubai CommerCity provides a range of modern offices and advanced warehouses, as well as last-mile services or delivery to the final destination. Thanks to the world-class infrastructure, the free zone also provides flexible office spaces and scalable centers, providing multiple options for companies operating in the digital trade sector and others. .
