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Saudi Arabia sees great growth in e-commerce – Minister

Saudi Arabia sees great growth in e-commerce – Minister
Saudi Minister of Commerce and Investment speaking at RLC MENA

Riyadh – Mubasher: Saudi Arabia has a unique mixture of investment opportunities across many fields with great potential, including mining, tourism, entertainment, sports and others, according to the Saudi Minister of Commerce and Investment, Majid Al Qasabi.

Speaking at the 6th edition of the Retail Leaders Circle (RLC) MENA, Al Qasabi said that Saudi Arabia is an ideal investment destination that recently witnessed a substantial growth in the e-commerce sector.

The Saudi market for goods and services is worth more than SAR 80 billion ($21 billion), the minister further noted, adding that it has more than 45,000 stores and e-commerce platforms.

The two-day event launched today in Riyadh, in partnership with Invest Saudi, to discuss the future of retailing in the region, with the participation of more than 1,500 industry leaders and stakeholders.

Invest Saudi is one of the key initiative of the National Transformation Program (NTP) under the Saudi Vision 2030. It was created by the General Investment Authority (SAGIA) as the kingdom’s investment promotion brand.