Panel: Saudi Arabia is booming in terms of e-commerce

Panel: Saudi Arabia is booming in terms of e-commerce

Retail Leaders Circle is an international platform for expert-led debate between CEOs, industry innovators and influencers with the power to shape the future of retail.. Speaking at a session titled "The State of MENA Retail" on the opening day of the Retail Leaders Circle MENA Summit 2020 in Riyadh on Monday, Cyrille Fabre, partner at Bain & Company, said: "In MENA, the e-commerce market grew 29 percent from approximately $8.5 billion in 2017 to $14.3 billion in 2019.. "Saudi Arabia is booming in terms of e-commerce and is the number one market in the region in terms of growth and size," he added.. The opportunity is huge in Saudi Arabia under Vision 2030's plan to diversify income.. Abdellah Iftahy, a partner at McKinsey & Company told Arab News: "I think this retail summit happening in Saudi Arabia is a big sign of the importance of retail in the Kingdom.". Organized under the patronage of the minister of Commerce and Investment, in partnership with Invest Saudi, local, regional and international leaders convened in Riyadh for this two-day summit to examine the strengths of the retail industry and economic growth opportunities within the sector.. Lebanon needs IMF technical help, advice on