E-Commerce Records in Saudi Grows by 21%, Riyadh Comes on Top

E-Commerce Records in Saudi Grows by 21%, Riyadh Comes on Top

The issuance of electronic commerce records has grown by 21% until the end of the second quarter of 2023, with 35,314 records, according to the Commerce Ministry’s business sector bulletin.

Riyadh region has come in the forefront as the highest region in terms of issuing e-commerce records with 14,026, followed by Makkah with 9,080, then Al-Sharqiyah with 5,699, Al-Qassim 1,204, while Asir with 1,080.

This comes as a result of the Ministry’s efforts to enhance the electronic commerce business system, being one of the Kingdom’s Vision 2030 goals.

Electronic commerce has an important role in strengthening the national economy, especially since Saudi Arabia is one of the top 10 growing countries in the field of e-commerce with a percentage exceeding 32%.

The Ministry of Commerce is seeking to stimulate the electronic commerce market and increase reliability and confidence in its dealings, as well as protect the dealer rights in a way that enhances growth and contributes to achieving the Kingdom’s Vision 2030.

The Ministry is working on 10 projects, which are considered high-priority for it during the current year, and the projects are divided into 6 laws and 4 regulations.

The laws are the Consumer Protection Law, the Commercial Register Law, the Trademark Law, the Commercial