Monday, September 6, 2021
Saudi Arabia has become one of the largest E-Commerce markets in the World - Riyadh Chamber
Saudi Arabia has become one of the largest e-commerce markets in the world in 2019 due to the Corona pandemic, and has expanded significantly until the volume of transactions in the sector reached about 5.7 billion dollars last year 2020, stating that the emergence of e-commerce began in the Kingdom since 2001, said Riyadh Chamber in a report issued by the Business Support Sector Observatory.
According to the report the e-commerce in the Kingdom contributed to the national accounts with a return of 10,482 million dollars last year, according to the e-commerce sectors with the following
* Clothing and Footwear sector came with 3,209 million dollars. Read : 4 reasons behind the increase in Heart attacks among young people
* Electronics with 2,998 million dollars, then
* Furniture and Household appliances by 1,477 million dollars.
* The lowest revenue came from Food and Drugs, $776 million.
- The Chamber issued a report on the reality of e-commerce in the Kingdom, with the aim of identifying the importance of the sector globally and locally, and promoting it through the data of the government institutions concerned in this matter, and the opinion of companies in e-commerce in terms of the pros and cons, the most important problems and challenges for this sector and the proposed solutions.
- The report explained that the availability of the Internet and social networking sites led to an increase in e-commerce opportunities in the current year, revealing several reasons that allowed the rise of e-commerce at the current time. The most important of which are the ease of use of the Internet in the world, the increase in the value of sales (payment growth), the high economic return, in addition to the emerging corona virus. Recommend : Saudi Arabia to provide 3rd dose of Corona vaccine to Targeted groups
- The data revealed that e-commerce is clearly growing in retail trade, and is one of the most positive sectors, while e-commerce is the least affected by vehicle repair.
- The report also stated that the global e-commerce index last year showed that the Kingdom ranked second in the Arab world and 49th globally among the 152 countries included in the index recently issued by the United Nations Conference on Trade and Development (UNCTAD). Follow Saudi Expatriates on Telegram
