Middle East, Africa and South Asia’s e-commerce market to reach $148.5bn by 2022

Middle East, Africa and South Asia’s e-commerce market to reach $148.5bn by 2022

The e-commerce market in the Middle East, Africa and South Asia will grow at an annual rate of 18.4 per cent to $148.5 billion by next year, according to a new report.

This compares with an average growth of 16.6 per cent globally, a report by Dubai CommerCity, the first dedicated e-commerce free zone in MEASA, showed.

The regional e-commerce sector is witnessing “significant growth, which is driven by the confidence of its business community and ecosystem”, Amna Lootah, assistant director general of Dubai Airport Freezone Authority and a board member at CommerCity, said.