{"id":89157,"date":"2025-09-25T00:00:00","date_gmt":"2025-09-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/09\/25\/new-aed-1-bn-cross-border-digital-b2b-trade-marketplace-hits-uaes-market\/"},"modified":"2025-09-25T00:00:00","modified_gmt":"2025-09-25T00:00:00","slug":"new-aed-1-bn-cross-border-digital-b2b-trade-marketplace-hits-uaes-market","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/09\/25\/new-aed-1-bn-cross-border-digital-b2b-trade-marketplace-hits-uaes-market\/","title":{"rendered":"New AED 1 bn cross-border digital B2B trade marketplace hits UAE\u2019s market"},"content":{"rendered":"

First<\/strong> cross-border digital marketplace goes live in the UAE:<\/strong> UAE-based holding company GlobalX Group has launched Tradex \u2014 the UAE\u2019s first digital B2B cross-border trade dedicated marketplace, according to statements here<\/a> and here<\/a>. The project had an initial investment of AED 1 bn.<\/p>\n

The launch point: <\/strong>The platform will debut its operations with a UAE-Iraq trade corridor \u2014 in partnership with Iraq\u2019s national credit card company Qi Card. The corridor is earmarked to reach some AED 243 bn of trade by the end of the decade, according to a statement<\/a>. <\/p>\n

The download: <\/strong>The platform is designed to ease export and import processes, simplify payments, and tighten compliance across international markets. It aligns with the Emirates\u2019 larger plans to support innovative ventures \u2014 which aim to strengthen region and international commerce, Dubai Customs Director General Abdulla Mohammed Busenad said.<\/p>\n

Why Dubai? <\/strong>Dubai \u2014 which serves as a global trade facilitator \u2014 streamlines nearly AED 3 tn (USD 816 bn) in non-oil trade per year. Nearly 40% of the UAE\u2019s exports comprise electronics, automobiles, FMCG products, textiles, and precision instruments \u2014 industries that Tradex aims to fast-track across regional and international markets.<\/p>\n

Bns into the region's digital economy. <\/strong>The introduction of Tradex signifies a mega AED 1 bn investment into its digital economy \u2014 a sector that the UAE aims to increase its contribution to the GDP by almost twofold from 9.7% in 2022 to 19.4% in 2032, according to a statement<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"

The platform will debut its operations with a UAE-Iraq trade corridor \u2014 a market earmarked to reach some AED 243 bn by the end of the decade<\/p>\n","protected":false},"author":1,"featured_media":89158,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[41],"tags":[162,35,32,129],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89157","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade","tag-e-commerce","tag-iraq","tag-trade","tag-uae","wpautop","entry"],"acf":{"mongo_id":"903cd591-fcab-4d1e-831d-9790a3383436","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/1119.jpg","photo_position":"above","homepage_title":"","full_issue_title":"New AED 1 bn cross-border digital B2B trade marketplace hits UAE\u2019s market","related_issue":[89147],"teaser":"The platform will debut its operations with a UAE-Iraq trade corridor \u2014 a market earmarked to reach some AED 243 bn by the end of the decade","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/9\/.37ce3668-c58a-4481-93c7-a71c632829ac.mp3"},"yoast_head":"\nNew AED 1 bn cross-border digital B2B trade marketplace hits UAE\u2019s market - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2025\/09\/25\/new-aed-1-bn-cross-border-digital-b2b-trade-marketplace-hits-uaes-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New AED 1 bn cross-border digital B2B trade marketplace hits UAE\u2019s market\" 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