E-commerce spend in Saudi Arabia to reach USD 13 bln by 2015

Monday 25 November 2013 09:06 CET | News

E-commerce market share in Saudi Arabia will reach USD 13 billion by 2015, a recent report unveils.

About one in four Saudi internet users are already active in e-commerce and they visit about 70 million e-commerce pages per month.

Cash on delivery is still the preferred method of payment for most e-commerce buyers in the Mena region, reaching up to 75 %, according to Aramex, a global logistics and transportation services provider

The same source indicates that e-commerce spending has reached an all-time high in the kingdom and the user growth is at an estimated 9.3 % per year, which is to increase faster as e-commerce companies learn how to earn and leverage their customers’ trust. M-commerce, however, has been forecast to become seven times larger by 2015, due to the progressively demand for mobile tablets. The current e-commerce clients over population ratio are higher for UAE than it for Saudi Arabia. Many Saudi women with entrepreneurial and career ambitions are finding e-commerce to be an ideal platform, allowing them to build thriving businesses from home.

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Keywords: e-commerce, Saudi Arabia
Categories: Payments & Commerce
Countries: World
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Payments & Commerce

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