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  • Writer's pictureTeam CargoTalk

e-commerce records 18% growth in Q2 of 2024 in Saudi Arabia



The issuance of existing commercial records for e-commerce recorded a growth of 17.47 per cent by the end of the second quarter of 2024, with 40,697 records issued compared to 34,645 in the same period of 2023, as per the Business Sector Bulletin issued by the Ministry of Commerce for Q2 2024. Riyadh City topped the regions in the Kingdom of Saudi Arabia for issuing e-commerce records, with 16,535 commercial records. Makkah followed with 10,325 records, the Eastern Province with 6,525, Madinah with 1,938, and Al-Qassim with 1,326. A key entity in this effort is the e-Commerce Council, which aims to enhance e-commerce reliability, increase its contributions to the national economy, and stimulate e-commerce activities in the Kingdom. Strengthening the e-commerce business system is one of the goals of the National Transformation Programme, which supports achieving KSA’s Vision 2030. e-commerce plays a role in strengthening the national economy, with Saudi Arabia ranking among the top 10 growing countries. The Ministry of Commerce seeks to stimulate e-commerce markets, increase confidence in its dealings, and protect customer rights, enhancing growth and contributing to the goals of Vision 2030.

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