Tradex, the first-ever digital B2B marketplace dedicated to streamlining cross-border trade in the UAE, has been launched with an initial investment of $272 million (AED 1 billion), marking a significant step in advancing the region’s digital economy and global trade connectivity.
The marketplace is designed to streamline exports and imports, simplify digital payments, enhance regulatory compliance, and boost transparency across international markets. The platform will initially commence operations with the UAE-Iraq trade corridor, a rapidly growing market projected to reach $66 billion (AED 243 billion) by 2030.
Dubai remains one of the world’s most dynamic trade hubs, facilitating $816 billion (AED 3 trillion) in non-oil trade annually. Beyond hydrocarbons, nearly 40 percent of the UAE’s exports consist of electronics, automobiles, FMCG products, textiles, and precision instruments, sectors that Tradex will help accelerate across regional and global markets.
The Tradex launch ceremony in Dubai was attended by senior officials, ambassadors, business leaders, and distinguished guests who underscored the strategic importance of advancing regional trade integration and digital transformation. Their participation reflected broad support for Tradex as a platform poised to enhance economic growth and facilitate seamless cross-border commerce.
Tradex, the flagship venture of UAE-based GlobalX Group, represents a landmark $272 million (AED 1 billion) investment into the region’s digital economy. GlobalX, a diversified holding company with interests in B2B eCommerce, digital marketplaces, and payment solutions, is leveraging Dubai’s global trade hub status to connect businesses worldwide.
Bahaa Abdul Hadi, Managing Partner of Tradex and Chairman of Qi Card, emphasized that, “This marks a milestone for Tradex, for our partners, and for the region’s business community. Tradex is built on a shared vision to simplify exports, imports, and payments for businesses across the Middle East. Working closely with Dubai authorities, we have established a strong compliance and regulatory framework to ensure trust, transparency, and efficiency in cross-border operations.”
Positioned at the center of Dubai’s trade ecosystem, Tradex integrates financing, compliance, shipping, customs clearance, merchant engagement, payments, and settlement banking into a single digital infrastructure. While the initial focus is on UAE–Iraq trade, expansion plans include other high-growth corridors across the Middle East and beyond.
Editorial Disclaimer: This article was revised on 28 September 2025 pursuant to a formal recall and edit request issued by Tradex and communicated through its PR agency, Mediafour Communications. GCC Business News assumes no responsibility or liability for this editing. Responsibility rests solely with the parties mentioned above. Our commitment to transparency, reliability, and adherence to compliance standards remains unchanged
Editorial Disclaimer: This article was revised on 28 September 2025 pursuant to a formal recall and edit request issued by Tradex and communicated through its PR agency, Mediafour Communications. GCC Business News assumes no responsibility or liability for this editing. Responsibility rests solely with the parties mentioned above. Our commitment to transparency, reliability, and adherence to compliance standards remains unchanged
