RIYADH — The issuance of existing commercial records for e-commerce stood at 40,697 by the end of the second quarter of 2024, registering an increase of 17.47 percent compared to 34,645 in the same period of 2023, according to the Business Sector Bulletin issued by the Ministry of Commerce in the second quarter of 2024.
Riyadh city led the Saudi Arabian region in the number of e-commerce records issued, with 16,535 trade records issued, followed by Makkah with 10,325, the Eastern Province with 6,525, Madinah with 1,938 and Al Qassim with 1,326.
Strengthening e-commerce business systems is one of the goals of the National Transformation Program to help Saudi Arabia achieve its Vision 2030. E-commerce plays a key role in strengthening the national economy, with Saudi Arabia ranked among the top 10 growing countries in this sector.
The Ministry of Commerce aims to stimulate the e-commerce market, increase confidence in trade, protect customer rights, promote growth and contribute to the goals of Vision 2030.
The Ministry is supporting entrepreneurs in transitioning from traditional to e-commerce through organizations that provide services in empowerment, electronic payments, digital marketing, technology solutions, e-marketplaces, logistics solutions and e-store development platforms. The lead organization in this effort is the E-Commerce Council, which aims to increase the credibility of e-commerce, increase its contribution to the national economy and stimulate e-commerce activity in Saudi Arabia.
E-commerce, being a 24-hour marketplace, saves time and effort in online shopping, provides access to goods and services with a variety of options in a transparent and competitive environment, and wins consumer trust.
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