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The e-commerce market share in Saudi Arabia will hit $.3 billion in, according to research published by a Dubai-based web design and development company.
The profits will come from percent of Saudi internet users who are already active in e-commerce, suggests PixHeart, located in JLT.
The research states that an online retail market is considered to be developed if at least8.5 percent of a country’s total retail is done online, such as in Germany where online retail accounts for.7 percent of its total retail trade, or Australia with8.9 percent.
Saudi Arabia is getting closer to this target, with the kingdom’s online retail expected to account for up to eight percent of its total retail market in, leaving the US (7.1 percent), Japan (6.8 percent) and France (6.7 percent) behind.
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