Commerce minister says 14 mln persons shop online in Saudi Arabia

17/12/2019 Argaam

 

Minister of Commerce and Investment, Majid Al Qasabi, said that there are 14 million online shoppers in Saudi Arabia, highlighting that the Kingdom became among the top 10 global e-commerce markets.

 

Al Qasabi added on the sidelines of the inauguration of the Traders Council in Riyadh that there are around 38,000 online stores in Saudi Arabia, according to Al-Eqtisadiah newspaper.

 

The global e-commerce market is worth nearly $30 trillion, the minister indicated.

 

The Kingdom advanced 3 places to the 49th rank in the e-commerce index issued by the United Nations Conference on Trade and Development (UNCTAD)this year, when compared to 2018, according to data compiled by Argaam.

 

Read: Saudi Arabia advances 3 places to rank 49th globally in UN e-commerce index

 

In addition, a recent report by ResearchAndMarkets.com showed that Saudi Arabia’s e-commerce market is anticipated to surpass $25 billion by the end of 2026.

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