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).