Saudi Arabia’s e-commerce sees 9.4 per cent increase

Dubai: Saudi Arabia’s e-commerce sector is experiencing growth, with 39,769 new businesses registered in the third quarter of this year, reflecting a 9.4 per cent increase compared to last year.

According to the latest data from the ministry of commerce, Riyadh topped the list with 16,274 registrations, followed by Mecca at 10,023 and the Eastern Province with 6,328. The regions of Medina and Qasim reported 1,897 and 1,302 registrations, respectively.

This growth underscores the Saudi Arabia’s shift toward a diversified, digitally driven economy, with e-commerce playing a vital role. Saudi Arabia now ranks among the top 10 countries worldwide for e-commerce expansion.

Additionally, the commercial sector saw a remarkable 62 per cent rise in the issuance of commercial records in the third quarter compared to the same period last year, as reported by the ministry of commerce.

Riyadh led with 53,150 registrations, followed by Mecca with 24,482 and the Eastern Province with 19,840. The Qassim and Asir regions recorded 6,973 and 6,542 registrations, respectively.

In total, 135,909 commercial records were issued over the last three months, raising the overall number of active commercial records in the country to over 1.5 million.

Almajed Oud shares rise by 30 per cent on debut at stock exchange. The company began trading on Tadawul today under the ticker symbol 4165

The Gulf Indians

Recent Posts

The SC order on Scheduled Caste Status of Dalit Muslim and Christian converts is Unconstitutional and Hasty.

By Joseph Maliakan You scratch an Indian, the caste comes out , irrespective of whether…

3 days ago

VBSA Bill 2025 : Goodbye to Autonomy of States in Higher Education

By Joseph Maliakan The Viksit Bharat Shiksha Adhishthan ( VBSA) ,Bill 2025 to replace the…

1 week ago

Crowe Mak Ghazali Founder Dr.Davis Kallukaran features in list of top 10 Chartered Accountants in Kerala

Kochi: A prominent NRI who is known for his corporate finance expertise and association with…

2 weeks ago

The SC order in the NCERT textbook case Impinge on Academic Freedom

By Joseph Maliakan As a reporter who has witnessed the continuous erosion of academic freedoms…

2 weeks ago

High-level CEPA seminar gives fillip to Oman-India economic ties

KOCHI: The significance of the Comprehensive Economic Partnership Agreement (CEPA) as a catalyst to boost…

3 weeks ago

This website uses cookies.