Riyadh Chamber: Saudi e-Commerce Sector Witnessing Rapid Growth

A recent report by the Riyadh Chamber of Commerce revealed that e-commerce in the Kingdom is growing at a rapid pace. The volume of transactions in the sector reached about SR21.375 billion (~US$5.7 billion) last year. The total value of the e-commerce sector in the Kingdom contributed US$10.4 billion to the national accounts last year. The global e-commerce index last year showed that the Kingdom ranked second in the Arab world, and 49 globally out of 152 countries.

The Saudi Ministry of Commerce data showed an increase in the number of licensed online stores in 2020 by 14% compared to 2019. The number of commercial records for licensed online stores reached 28,676. Electronic platforms increased by about 3,571 new platforms in the first half of 2020.