e-commerce in Saudi Arabia
Last Updated on November 9, 2023 by newseditor
Globally, e-commerce has fundamentally altered customer behavior dynamics and business models in retail and other industries. Saudi Arabia is a significant economic force in the Middle East and North Africa (MENA) due to its vast population and rapidly expanding youthful workforce.
Over the years, e-commerce in Saudi Arabia has significantly increased. Online sales in Saudi Arabia grew by an average of about 60% across all product categories in 2021, with the most significant growth seen in the media goods, clothes, and footwear sub-segments. Checkout.com, a prominent global payment solutions provider, released a report titled “Digital Transformation in MENA 2022”. Its findings show that the e-commerce trends sped up by the pandemic are here to stay. In addition, in the last couple of years, the average expenditure per shopper in Saudi Arabia has grown by more than 50 percent.
Top Players of E-Commerce in Saudi Arabia in 2024
Some of Saudi Arabia’s e-commerce players include:
AliExpress is an international trade platform that brings together vendors and customers from all over the globe. AliExpress is successful because of its dedication to transparency, user-friendliness, and minimal costs. The platform has been widely used in Saudi Arabia due to the great variety of items it offers at affordable prices.
MercadoLibre has everything from gadgets to clothing to books and more. Using MercadoLibre, anybody can buy and sell almost anything with anyone else, no matter where they live. The virtual market was designed to compete with conventional shopping centres.
Across the world, Amazon has established a network of fulfilment centres. Its popularity as a shopping portal on the Internet has skyrocketed in a short amount of time. Electronics, clothing, home and garden, toys, and sports equipment are just some products Amazon sells.
eBay is one of the most famaous digital marketplaces since it was created to let individuals trade with one another online. On the platform, you can buy and sell various items, including antiques and collectibles.
Carly is a cutting-edge e-commerce platform for buying and selling secondhand vehicles online. Carly’s goal is to transform the used automobile market in Saudi Arabia and the Middle East. Carly provides a wide range of automobiles, transparent pricing, aggressive financing, and at-home pick-up and delivery options.
6. Best Buy
Best Buy is a large retail business that specializes in selling electronics. Customers can find the most cutting-edge electronics at Best Buy. It’s one of the few stores that can provide a large selection and reasonable costs to its clientele.
Newegg is a well-known online shop selling gadgets, software, and computer components. It’s been around for nearly a decade, and its popularity has increased tremendously since its inception. When it comes to trading goods or services online, Newegg is the market leader in Saudi Arabia.
E-commerce is here to stay in Saudi Arabia. According to the third annual report on digital transformation from Checkout.com in 2022, 78% of Saudi customers expect to keep or grow their e-commerce expenditure in 2024. You can go to any of the e-commerce sites mentioned above to buy things from anywhere.