Total e-commerce market value in MENA region to surpass $57bn by 2026

Total e-commerce market value in MENA region to surpass $57bn by 2026

A new report has revealed that the MENA region’s total e-commerce market size reached $37bn in 2022, reflecting a double-digit growth rate from 2021 and a 32 per cent compound annual growth rate over the 2018 – 2022 period. The figures were shared in the third edition of EZDubai’s EZDubai was launched in January 2019 to promote the emirate’s position as a hub for regional e-commerce. The dedicated e-commerce free zone in Dubai South relayed the results in collaboration with Euromonitor International, the world’s leading provider for global business intelligence, market analysis and consumer insights. According to the report, the MENA’s double-digit growth is due to robust internet usage, a well-developed infrastructure, and supportive policies. Trends that contributed include the: The UAE, Saudi Arabia and Israel accounted for 72.1 per cent of the total market size, with the growth in these countries attributed to factors including their technologically advanced populations, high-internet usage rates, and strong government finances. Specifically, Israel’s innovative economy and the rising demand for speedy delivery services propelled it to the forefront of the market. The report also shared that companies in the UAE are making use of dark stores to streamline inventory management and provide delivery. Meanwhile,