BRL sector in Dubai Economy and Akshaak collaborate to support DED Trader


The Business Registration & Licensing (BRL) sector in Dubai Economy has partnered with Akshaak, an online platform, to support projects operating under the 'DED Trader' license of Dubai Economy, which allows startups in Dubai to conduct business activities online and across social networking accounts.

As per the agreement, DED Trader license holders can display and sell their products for free on Akshaak's platform with no commission on sales, delivery service, secure online payment, professional marketing for digital stores, and smart control panel. This enables them to reach a larger number of consumers online.

Ahmad Alshaer, Senior Manager of Awareness division in BRL sector said: "Through 'DED Trader', Dubai Economy seeks to regulate doing business electronically and making it easier, as well as enabling businesses to connect with customers and grow. This is in line with our strategy that focuses on enhancing the ease of doing business as well as driving the overall competitiveness and sustainable growth of Dubai".

"The cooperation between Dubai Economy and Akshaak is in line with the emirate's e-commerce strategy to create an inspiring environment that promotes talent and accelerates the growth of e-commerce. Together, we provide support to startups, such as DED Trader licence holders, to conduct business electronically and accelerate their pace of growth in alignment with the global trends to ensure their success and growth," added Alshaer.

Fahim Al Zubaidi, Chief Executive officer and Co-founder of Akshaak said: "Akshaak was founded and established not only as simple app to promote and list creative products, but also to align with the UAE's direction to lead in digital-based services competing with global firms. Akshaak's objective is to build a digital community ecosystem that includes a large share of talented artisans to keep human connection at the heart of commerce."

Dubai Economy focuses on providing support to DED Trader licence holders by signing partnerships with government and private sectors, providing facilities for their business growth as well as opening new channels by enhancing cooperation with major sales outlets.

Fahim added: "We help people to locate projects and start-ups using our platform as we provide the opportunity for them to turn their ideas into successful businesses. The platform will record statistics on startups in Dubai in the following categories; accessories, food & drinks, arts & crafts, fashion, health and beauty as a first phase." 

July 2020 has seen a 45% drop in the number of deals, but total funding has increased by 72% when compared to the same month last year. Discover more trends and insights in our July 2020 Dashboard.