Saudi Arabia: E-commerce business to reach USD13.3B in 4 years
(MENAFN) A review from Boston Consulting Group and Meta Platforms showed, Saudi e-commerce market is set to reach USD13.3 billion by 2025 after it developed by around 60 percent in 2019-2020 during a virtual acceleration at the time of the coronavirus pandemic.
Digital sales increased gradually from 2016-2019 originally led by apparel, electronics, and appliances, as demand grew by over 30 percent approximately every year, in multiple fields.
Pablo Martinez, managing director and senior partner at BCG, mentioned in a statement: “From an economic standpoint, increased retail spending nationwide is primed to be among the most prominent, a trend that is a near-certainty due to more products becoming accessible to large audiences and foreign retail expenditure being captured. Together, these factors will yield several positive outcomes, all of which will come to fruition in due course.”
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