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.

Getty Images
 
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.

Copyright: Arab News © 2021 All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Technology