Let's talk Marketplace Let's talk Marketplace 61: LTM goes to... UAE
There is hardly any of it left in Europe, but in Dubai it’s there: a real gold-rush atmosphere.
This is because the United Arab Emirates is striving to become an attractive home country for people from all over the world in the next 10 or 15 years - including e-commerce, which provides people with everything they would otherwise not be able to find locally. In the new episode of their podcast "Let's talk Marketplace", Ingrid and Valerie talk to Mareike Thomas about how to successfully enter such an exciting and fast-growing market. She is an Amazon expert and founder of the consulting agency Boom Commerce and has lived in Dubai herself since Covid times.
And the facts speak for themselves: with a gross domestic product of 460 billion US dollars, the UAE is one of the richest countries in the world. Online purchases still only account for 15 percent of retail sales in the UAE - plenty of potential for growth in a very modern society. An average online purchase is worth 332 US dollars. By comparison, the average in Europe is 73 US dollars.
Reason enough to take a closer look at this exciting market and find out more about which marketplaces are particularly relevant there, how best to enter the market and why experienced marketplace brands can easily come out on top. Listen in!
Note from our sponsor Tradebyte:
It's event season and a must for all European marketplace players involved in fashion, sports or lifestyle is the ECD in Munich. On June 12, you will have the opportunity to meet old acquaintances, make new contacts and share in the excitement of like-minded people! Make sure you get your ticket on www.ecd-gate.com!
Newsflash:
- Amazon has launched "Account Health Assurance", a new function to protect against account blocking.
- Amazon has "paramount cross-market significance" for the German online market, says the Federal Court of Justice. This opens up completely new possibilities for the Cartel Office.
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