Jessica Ghaleb’s Post

E-commerce in Saudi Arabia is now accounting for 14% of retail sales. This is higher than previous estimates because we included almost SAR20Bn of GMV from SME merchants on platforms like Salla. Note that SAMA reports that MADA for ecommerce account for 12% of total consumer spend but the scope differs as SAMA considers all consumer expenditures, not only retail. But the most interesting insight is the fact that e-commerce accounted for 85% of total retail growth. Considering the large pipeline of shopping malls under development in the Kingdom, do you think we could reach a situation of over-supply of stores, if most of the growth is online? #saudiarabia, #ecommerce, #shoppingmall, #retail

Saudi Arabia is both a digitally mature and a digitally nascent market when it comes to digital retail and e-commerce. Zia Daniell Wigder, the Chief Content Officer of Insider Intelligence presented some key facts about the Saudi market: ✔ In 2024, Saudi Arabia’s e-commerce share of total retail sales is a total of 7.2%. ✔ Saudi Arabia’s e-commerce market is projected to exceed $8 billion by 2027. ✔ Less than 30% of Saudi shoppers consider retail technologically advanced ✔ Internet users aged 16-64 in Saudi Arabia spend almost 3 hours per day on social media. Discover more interesting insights that she shared during the #rlcmena24: https://lnkd.in/dTy3edtG #rlc10 #tb #retail #ecommerce #saudi

𝐒𝐚𝐮𝐝𝐢 𝐁2𝐂 𝐄-𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐞 𝐭𝐨 𝐑𝐞𝐚𝐜𝐡 $70𝐁 𝐛𝐲 2025, 𝐁𝐨𝐨𝐬𝐭𝐢𝐧𝐠 12% 𝐨𝐟 𝐆𝐃𝐏. Saudi Arabia's B2C e-commerce market is on track to hit $70 billion by next year, significantly contributing 12% to the nation’s GDP. As the kingdom accelerates its economic diversification, e-commerce is emerging as a key growth driver, backed by substantial venture capital investment and a rapidly expanding digital retail landscape. 𝐊𝐞𝐲 𝐏𝐨𝐢𝐧𝐭𝐬: 1- $428M invested in Saudi e-commerce ventures in 2023. 2- Over 42,900 online stores and 14,000 fulfillment centers fueling growth. 3- 34.5M online shoppers projected by 2025, underscoring robust market potential. #digitalorators #do #ecommerce #saudiarabia #economicgrowth #b2b #b2c #emergingmarket #gdp #onlinebusiness

Since its implementation nearly ten years ago, Saudi Arabia's Vision 2030 roadmap has generated tremendous success in helping the Kingdom's economy and boosting industry growth across all categories. 🇸🇦 The Saudi Ministry of Commerce has been instrumental in driving recent growth within the local e-commerce space by establishing services that support digital marketing, electronic payments, tech adoption, online marketplaces, and logistics solutions. 📈 A notable rise in the number of new e-commerce business licenses issued during this year's Q2 is a testament to the efforts of the Saudi government and established Saudi logistics partners to enable local online retailers to scale their operations regionally and internationally. 🛒 #Salasa #ECommerce #Retail #Logistics #SaudiArabia #Business

This year, the Saudi ecommerce market is forecasted to reach a staggering value of SR 33.23 billion, growing at a CAGR of 10.84% between now and 2029! 💻🛍 📈 This rapid uptrend is thanks to several factors driving the local online retail sector forward, including: 🚚 The emergence of new logistical innovations. 📈 A steep rise in mobile shoppers. 🛒 An increase in social commerce. 💳 The advancement of digital payments. As one of the Kingdom's leading fulfillment solutions providers, we're proud to be contributing to the sustained growth and success of Saudi e-commerce business owners. Join us now 👉 https://lnkd.in/dzNAKjvi #Salasa #SaudiEcommerce #DigitalCommerce #LogisticalInnovations #MobileShopping #SocialCommerce #DigitalPayments

The e-commerce industry in Saudi Arabia continues its upward momentum, with 39,769 new registered businesses in Q3, a 9.4% year-on-year increase. E-commerce plays a crucial role in Saudi Arabia's journey toward a diversified and digitized economy. #SaudiArabia #Ecommerce #DigitalTransformation #Vision2030

Saudi Arabia's retail sector is witnessing an unparalleled transformation, setting a global benchmark for digital integration and consumer-centric growth. - 🚀 $176.5 billion by 2026: The forecast for retail sales in Saudi Arabia reflects the immense potential for businesses willing to innovate and adapt. - 🌐 E-commerce surge: Expected to reach $21 billion by 2025, the e-commerce wave is not just coming; it's already here, revolutionizing how we shop and sell. - 🏪 Embrace digital transformation: The rise of local brands in various categories signifies the importance of aligning with evolving consumer preferences through digital platforms and fintech solutions. - 💡 Regulatory reforms under Vision 2030 have not only made the market more attractive for investments but have also streamlined the path for retail innovation and sustainability. - 💳 Digital payments are the future: With initiatives from the Saudi central bank to support fintech and digital transactions, businesses have a clear direction towards adopting seamless payment solutions. How can your business leverage the explosive growth of e-commerce and digital infrastructures in Saudi Arabia's retail sector to enhance customer experience and ensure sustainable development? #SaudiArabia

The e-commerce industry in #SaudiArabia is undergoing a remarkable transformation, marked by rapid growth and the emergence of major players like Amazon, noon, and Namshi.com. This expansion is evident in Amazon's recent inauguration of a large fulfillment center in #Riyadh in 2023 and the introduction of innovative loyalty schemes like Noon One, highlighting the highly competitive and innovative nature of the market. In particular, the #fashion and #apparel segment is witnessing significant revenue growth. This is largely fueled by initiatives like the 100 Saudi Brands by the Saudi Arabian Fashion Commission, which are propelling local designers and brands into the spotlight and revolutionizing the e-commerce landscape for fashion. Similarly, the beauty and personal care sector is thriving, with a growing demand for organic, vegan, and ethically produced products. This trend is especially prominent among the younger generations, with #GenZ and #Millennials showing a keen interest in product ingredients and ethical production practices. The #B2C e-commerce segment is also experiencing substantial growth. This surge is driven by a shift from traditional offline shopping to online platforms, enhanced by improved delivery services and a broader array of accessible products and services. The high per capita income in Saudi Arabia further fuels the demand for luxury and high-end products, making it a lucrative market for e-commerce businesses. Navigating the #eCommerce space in Saudi Arabia also requires understanding and adhering to its regulatory environment. Businesses are required to register with the Ministry of Commerce - Saudi Arabia and comply with Saudi Arabia's Electronic Commerce Law, ensuring a smooth operational framework within the market. Apart from global giants like Amazon and AliExpress, local companies such as eXtra (United Electronics Co.).com, Namshi, and Jarir Bookstore are notable for their diverse product offerings and strong customer service, establishing themselves as significant players in the Saudi e-commerce market.

The online grocery market in Saudi Arabia is rapidly expanding and is expected to reach SAR 10 Billion by 2028. This sector is seeing an uptick in 100K daily consumer touchpoints, supported by a network of 20K+ drivers.   As consumer behavior shifts, convenience is king—80% of shoppers now expect delivery within two hours. Quick delivery services, driven by advanced technology and hyperlocal strategies, are poised to dominate, with 85% of the market expected to be quick delivery by 2030.   Whether you're running a business in this space or considering an investment, the opportunity is clear: adapt to this fast-evolving market and tap into its potential. As consumer demand for speed and convenience continues to rise, the window for growth and profitability is wide open.   Are you ready to ride this wave?   Check out our article now! https://lnkd.in/g7SA8V87 | Sandeep Ganediwalla | Redseer Middle East | #OnlineGroceryMarket #QuickDelivery #ECommerceTrends #SaudiArabiaBusiness #ConsumerBehavior