Home / / DCTG in dialogue with chamber over state of trading ecosystem

DCTG in dialogue with chamber over state of trading ecosystem

Dubai Chamber of Commerce is soliciting feedback from select members of the Dubai Computer Traders Group

The Dubai Chamber of Commerce is soliciting feedback and opinions from select members of the Dubai Computer Traders Group (DCTG) on market conditions they are facing during the current slump.

The DCTG has offered the Chamber names of 10 of the most prominent IT traders to provide commentary to the government department with a possible view to offering some form of aid and support.

“They needed 10 imminent industry personnel and businessman who can advise them and give them feedback about the situation of the local market,” explained Shailendra Rughwani, president of the DCTG.

It is understood that the Dubai Chamber intends to contact these traders over the next few months on a regular basis and possibly pass the information gathered to the relevant government departments.

“Until now there has been no coordination between Dubai computer traders and the government through the Dubai chamber,” continued Rughwani. “Now we have a group and they will address that. We feel they will come up with solutions [to problems] because they are concerned.”

The news comes after it emerged at the end of last year that several computer traders on Khalid Bin Al Waleed Road ¬— the traditional computer trading hub of the Emirate — had defaulted on payments owed to distributors.

Computer Street traders are facing one of the toughest times in recent history as distributors lose the ability to offer extended payment terms that are vital to keep business on the Street flowing.

It is with this in mind that Rughwani regards the move by the Chamber as a positive and proactive step. “I am sure they are going to compile the data and then see what is right for the country and of course it will be good for our business, but they will also look to promote Dubai as well,” said Rughwani.

He went further to reveal that activity at the relatively recently-formed DCTG has slowed of late, with new membership being restricted and potential members subjected to an informal screening process.

“The Chamber wanted us to screen members and not just admit everybody and anybody,” added Rughwani. “Right now we could start [admissions] again, we were planning to start in January, but we were quite busy with everything. But I think quite soon we will start a second round of registration.”

Although traders are facing tough times at the moment Rughwani is effusive about the level of cohesion that his peers have shown through this period. “I have seen the support and as you know there have recently been the issue of goods being given back [to distributors]. This was a joint decision and it was not just one company doing this, they joined together and then they approached the distributor. I think the going is good, but I would request more cooperation between each other.”

Follow us to get the most comprehensive IT business news delivered fresh from our social media accounts on Facebook, Twitter, Youtube, and listen to our Weekly Podcast. Click here to sign up for our weekly newsletter on curated technology news in the Middle East and Worldwide.

REGISTER NOW | Webinar Event | Security you can bank on – Safeguarding the Middle East’s financial sector

Presented in partnership with security and network specialist Cybereason, the second in the three part webinar series will bring together a panel of experts to discuss how banks and financial institutions are evolving their service offering while simultaneously staying one step ahead of the cyber criminals who seek to bring their operations crashing to the ground.