The quake was at a depth of 503.2 km
The free zone, which was launched in January 2019 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, aims to consolidate the emirate's position as a hub for global e-commerce, according to Dubai South, the emirate's new city.
Mohsen Ahmad, CEO of the Logistics District at Dubai South, said EZDubai is growing and becoming operational in such a short period.
"The establishment of EZDubai has bridged the gap in e-commerce, not only in Dubai but the GCC as well. The ultra-modern infrastructure, regulatory framework, connectivity, and ease in logistics are phenomenal and will place the UAE at the pinnacle of the global e-commerce industry. E-commerce is set to contribute Dh12 billion to Dubai 's GDP by 2023 and having a fully-fledged operational facility like EZDubai demonstrates the ability of the region to manage and facilitate this growth," Ahmad said.
The 920,000 purpose-built e-commerce hub is designed to attract the world's leading e-commerce companies and create a benchmark with its infrastructure. "EZDubai also seeks to offer an array of convenient services to clientele, ranging from multinational companies to small and medium-sized enterprises, so they could benefit from the sophisticated logistics facilities and customized business solutions," Dubai South, which is home to a community of freehold or leasehold residential, commercial, office, and retail properties, said in a statement.
EZDubai¸ which seeks to attract more foreign direct investments to the e-commerce sector, also complements the Dubai e-commerce strategy, which was launched by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council.
EZDubai has added great value to the sector by being Dubai's first dual-licensed, hybrid-bonded facility. In its first phase of operation, it is spanning a total area of 340,000 square metres, 68,000 of which is operational and an additional 91,000 is under development. The e-commerce zone constitutes of e-fulfilment centres, infrastructure for repair and return centres, supply centres, and business blocks (shared buildings) as part of the zone's master plan.
- issacjohn@khaleejtimes.com
The quake was at a depth of 503.2 km
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