The Telecommunications Regulatory Authority (TRA) signed today a Memorandum of Understanding (MoU) with 'Creative 971' to support e-Commerce with a focus on small and medium businesses wishing to operate in the country.
The issues covered in this MoU include mainly the exchange of consultations and experiences through participation in joint meetings and workshops, sharing information and data, and coordination on the results and the ways to use them. According to the agreement, 'Creative 971' will enhance and develop the e-Commerce Sector in the UAE through awareness program for start-ups, small and medium businesses, with 'Creative 971', which aims to support the establishment of small and medium businesses as well as companies that use e-Commerce in the UAE and to take advantage of the great potential of this sector. Additionally, it aims to raising awareness on the great opportunities provided by e-Commerce, and supporting businesses to continue their activity by providing a comprehensive range of advisory services and advanced electronic payment solutions.
In this context, H.E. Hamad Obaid Al Mansoori, TRA Director General, said: "This agreement is a step towards adopting non-traditional forms of incorporating businesses, by providing advanced solutions for business processes management and payment mechanisms. The e-Payment is an important approach to enhancing market vitality and opening new avenues for commercial exchanges."
H.E. Al Mansoori added: "The UAE is distinguished by a highly developed infrastructure in the banking sector, in addition to the availability of several electronic and smart services as well as the wide spread of mobile phones and smart devices of all types. These factors as a whole attract the leading international companies to operate and manage operations from the UAE, which is a key source of diversification of national sources of income."
Julia Jackle, the CEO of Creative971 states: "This new established strategic collaboration with the TRA is a milestone that we are proud of. We are encouraging Entrepreneurs, established SME's as well as Enterprises to utilize the benefit of this strategic collaboration, which marks the forefront of the E-Commerce education and ecosystem enabling within the UAE."