Zawya

Saudi Arabia is booming in terms of e-commerce

Saudi Arabia is booming in terms of e-commerce

The e-commerce market in the MENA region grew 29% from approximately $8.5bln in 2017 to $14.3bln in 2019.

  • February 11, 2020
  • min read

Zawya

Saudi Arabia is booming in terms of e-commerce

With the modernization of retail underway, e-commerce is booming in the Middle East and North Africa (MENA) region, with Saudi Arabia emerging as its top performing country.

Speaking at a session titled “The State of MENA Retail” on the opening day of the Retail Leaders Circle MENA Summit 2020 in Riyadh on Monday, Cyrille Fabre, partner at Bain & Company, said: “In MENA, the e-commerce market grew 29 percent from approximately $8.5 billion in 2017 to $14.3 billion in 2019.

“Saudi Arabia is booming in terms of e-commerce and is the number one market in the region in terms of growth and size,” he added.

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