Logo of Small & Medium Enterprises General Authority (Monshaat)
Small & Medium Enterprises General Authority (Monshaat) issued a report to shed light on the e-commerce system in the Kingdom, in addition to government initiatives that support the small and medium-sized enterprises (SMEs) sector.
The Kingdom has become one of the most vibrant e-commerce markets in general in the MENA region. SMEs are among the sectors that benefit most from e-commerce, as it opens the door to benefit from the growth and expansion opportunities it offers, including overcoming barriers to market access, reducing operating costs, and reaching a wide customer base, according to the report.
The report also reviewed the key figures and statistics on e-commerce in the Kingdom, highlighting the extent of the development witnessed by the sector in recent years, as the value of venture investment in startups operating in e-commerce reached SAR 1.6 billion in 2023.
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Key Developments and Statistics |
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Item |
Details |
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Percentage of products imported from outside the Kingdom in 2023 |
35.44% |
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International tax exemption limit for e-commerce operations |
SAR 1,000 |
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Number of e-stores that can be accessed in the Kingdom |
42,900 |
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Total number of shipping and delivery service providers in the Kingdom in 2022 |
191 |
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Value of venture investment in e-commerce startups during 2023 |
SAR 1.6 bln |
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Number of holders of freelance work documents and notaries through the e-commerce authentication service from the Saudi Business Center in 2023. |
26,300 |
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Number of commercial register holders and notaries through the e-commerce authentication service from the Saudi Business Center in 2023. |
16,600 |
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Number of achievements centers and warehouses inside and outside cities and closed stores |
14,000 |
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CAGR in e-commerce between 2020-2025. |
15% |
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Growth rate in number of users of e-commerce platforms between 2019-2024. |
42% |
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Expected number of users of e-commerce platforms in the Kingdom in 2025 |
34.5 mln |
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Global ranking of the Kingdom's economy in e-commerce |
8th place globally |
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