E Commerce In Saudi Arabia

According to figures from the communications and information technology commission citc the rate of e commerce growth was up from 2017 when sales volumes grew by 47 9.

E commerce in saudi arabia. In 2016 sales were up 37 3. The ecommerce market encompasses the sale of physical goods via a digital channel to a private end user b2c. Ecommerce was recognized as one of the pillars of saudi arabia s vision 2030 under the national transformation program and is expected to contribute 80 of the retail sector by 2020. E commerce in saudi arabia is growing and is estimated to reach 10 864 million usd in 2020 from 5 894 million usd in 2015.

Keep your ecommerce project in saudi arabia under control. Check out our infographic e commerce in saudi arabia for latest e commerce statistics and trends. E commerce in the context of saudi arabia s vision 2030 and ntp chains distribution channels and payment systems will also create jobs in the logistics and financial services sectors and the onset of the sharing economy model will similarly create opportunities for self employment. E commerce market the saudi e commerce market has enjoyed steady growth in recent years with turnover increasing by 11 on average according to the ecommerce foundation.

Saudi arabia is the leading country in the arab world and the middle east after the uae in terms of e commerce volume with saudi arabia accounting for up to 45 of e commerce in the entire middle east. Online shopping transactions in saudi arabia grew 49 9 by volume in 2018. E commerce in saudi arabia enjoys many advantages and continuous development as e commerce in its last years has achieved greater spread and expansion among saudi shoppers. Total e commerce revenue across all product categories was us 6 13 billion in 2017 and is expected to grow to us 9 41 billion by 2021 according to statista.

A recent study on media and internet use in various countries in the middle east by northwestern university in qatar demonstrated that while e commerce in saudi arabia was growing slowly it showed great promise for future market expansion. Benefits to e commerce start ups in saudi arabia. Infographic by website design in saudi arabia to publish this image on your blog or website. This study estimated that approximately 8 of the saudi population regularly bought items online 6 used online banking services and 7 made travel reservations on the internet.

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