RIYADH: In the fourth quarter of 2024, the e-commerce industry in Saudi Arabia continued to grow, with 40,953 enterprises registered around the Kingdom, a 10% year-over-year increase. According to the Ministry of Commerce’s most recent data, Riyadh had 16,834 registrations, Makkah had 10,314, and Eastern Province had 6,488. E-commerce enrollments in the Madinah and Qassim regions were 1,952 and 1,324, respectively.
The expansion is consistent with Saudi Arabia’s continuous shift to a digitally driven, diversified economy, in which e-commerce is a key component. The Kingdom is currently one of the top 10 nations in the world for this sector’s growth.
These numbers align with the government’s aim to boost online payments to 70% by 2030 and the country’s objective to increase modern commerce and e-commerce’s share of the retail sector to 80% by the same year.
According to the Ministry of Commerce’s most recent quarterly report, the logistics industry saw 16,561 registrations in the fourth quarter, an 82 percent increase in record issuance over the same period in 2023. With 8,074 registrations, the capital topped the list, followed by Makkah (4,235) and Eastern Province (2,038). There were 486 enrollments in each of the Madinah and Qassim areas.
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