Conference Profile and Objectives
In the modern world, the technological revolution has caused many changes in people’s lives, businesses, economic activities and the institution’s operations. shopping portals being one of them, which consist of commercial goods from around the world. The expansion of investments in the digital economy especially in eShopping portals, where we can shop from any part of the world on the Internet round the clock away from traditional shopping system, there is no doubt that the global eShopping portals have a special economic attribute aiming at shoppers globally, especially with the availability of price differentiation and specifications of products, in addition to stores specialized in specific types of goods, and the availability of fast shipping and ePayment services.
As global eCommerce advances, retail markets in the GCC face more challenges. In this context, the official bodies such as Chambers of Commerce, Economic Development Authorities, Trade and Economy Ministries, Legislators and other Authorities responsible for organizing businesses, consumer protection and competition rights should put in more efforts in providing substantial solution that can reinforce and protect the national economy. And also there is a need to partner with national business and investment organizations in developing eCommerce and ePayment solutions in cooperation with financial institutions, enabling eShops and offering appropriate solutions to meet these challenges.
Currently, the global eCommerce through eShopping platform is gradually dominating a large fragment of shopping activities in the GCC region. These platforms capture the region's market without their actual presence on the ground or tangible investments that could support the national economy. Selling goods and services to approximately 30% of the total population of the GCC countries. The goods are shipped directly to the region. They offer easy payment methods and fast and safe shipping. The region is facing the challenges of traditional shops which can hardly compete. The conference aim is to develop strategies and a future vision on the global eShopping portals and their direct impact on the regional markets and the opportunities for investors and entrepreneurs to raise the economic level of the region in order to activate its role in the economic development movement. Also the events will be discussing the most important strategies to protect the national economy, and legislations governing the protection of the national economy from global e-commerce companies.