Retail to drive Saudi online market to $13bn
Riyadh, August 12, 2014
Saudi Arabia’s e-commerce market will reach $13.3 billion in 2015, a report said, adding that the Kingdom's online retail is expected to account for up to eight per cent of its total retail market.
Arabic is the main language in Saudi Arabia’s e-commerce market, with 55 per cent of online consumer hail from Riyadh province and 40 per cent from Makkah province, added the research published by PixHear, a Dubai-based Web design and development company, said The Saudi Gazette.
In spite of initiatives to promote the use of credit cards online, 75 per cent of Web consumers still prefer cash on delivery (COD), said the report, noting electronics is still the top category for spending.
Regional retailers still claim a minor share of the Saudi e-commerce market, with Souq.com occupying 13 per cent, Sukar eight per cent, and Namshi seven per cent, the report said.