Qatar’s e-commerce sector on growth path – The Peninsula

Qatar’s e-commerce sector on growth path – The Peninsula

The e-commerce market is showing a significant growth rate in the country widening its opportunities in business sectors to expand further. Market Research, a leading provider of industry intelligence for businesses, consultants, and investors reported that the firms in Qatar are having a positive impact on e-commerce world-wide and the country’s industry is “gaining momentum”.

As different companies in the region are competing to get a better e-commerce trend, it eventually results in the robust economy of Qatar.

The Gulf State is expected to show “healthy growth” in the e-commerce market, according to the report.

With the FIFA 2022 tournament that’s currently being hosted, Qatar has already moved to a cashless economy as Qatar Central Bank (QCB) carried out electronic wallets for the customers to enhance the environment and enable Qatar’s electronic payments to surge swiftly.

“Qatar is claimed to be one of the largest e-marketplaces in the Middle East and North Africa,” it said adding that the Qatari regime constantly strengthens the country’s economy by enabling e-commerce platforms to reach every user-oriented individual.

The report outlined that the industry anticipates surging from the previous constraints due to COVID-19 with current and future international events in the country.

“As consumer preferences change and the demand for