KSA study reveals increasing interest in buying local ecommerce in Saudi Arabia over cross-border players

KSA study reveals increasing interest in buying local ecommerce in Saudi Arabia over cross-border players

As local ecommerce platforms continue to launch in the market, consumers have expressed their support for ‘buying local’ with 74 percent of online shoppers in the Kingdom expecting to increase their purchases from Saudi ecommerce platforms compared to their purchases from China, GCC, Europe and US. However, further support will be needed to ensure a level playing field for all ecommerce players, thereby protecting consumer interests, and promoting local investments.

Prince Waleed Bin Nasir Bin Fahad Al Saud, CEO of Mukatafa commented, “It is a strong sign that local e-commerce businesses are gaining more traction in the market. We must make sure that these businesses are supported to thrive as well as cross-border accounts. There are suggestions in which we could help this happen successfully including, as seen in other international markets, a reduction in the minimum duty threshold and reviews of tax laws for foreign organisations and individuals.”