Saudi e-commerce exceeds $66.6mln in first quarter of 2021

E-commerce accounted for 20% of the total commercial deals

Riyadh, Saudi Arabia. Image used for illustrative purpose.

Riyadh, Saudi Arabia. Image used for illustrative purpose.

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RIYADH: The General Authority for Small and Medium Enterprises (Monsha'at) announced today that investments in e-commerce amounted to more than SR250 million ($66.6 million) in the first quarter of 2021.

It indicated that sales in 2020 exceeded SR22 billion, with a 26 percent increase in local e-commerce, Okaz paper reported.

Monshaat pointed out that e-commerce accounted for 20 percent of the total commercial deals.

The Authority announced there are upcoming deals, but values are not announced yet.

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