Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Business, Video

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

UAE and Saudi to lead GCC e-commerce boom

By Hilal Mir
March 28, 2023 10:37 pm
  • E-commerce in the GCC, according to a recent research report, has expanded by 22 percent over the previous two years.
  • Over 46 percent of online buyers in Saudi Arabia and the UAE planning to continue relying on online retail stores rather than visiting shopping malls.

Dubai, UAE — E-commerce in the GCC, according to a recent research report, has expanded by 22 percent over the previous two years, with over 46 percent of online buyers in Saudi Arabia and the UAE planning to continue relying on online retail stores rather than visiting shopping malls.

Amazon indicated that Saudi Arabia and the UAE lead e-retail sales in the GCC. At the same time, Egypt plays a pivotal role in the success of the sector in the African continent.

According to the Boston Consulting Group (BCG) report, “Global Payments 2022: The New Growth Game,” GCC countries will also witness a decrease in non-digital payments.

The UAE will likely remain the top e-commerce market in the Gulf Cooperation Council (GCC) in 2023, but Saudi Arabia represents the largest potential growth over the medium and long term.

TRENDS takes a look at the prospect of e-commerce in GCC:

[adinserter block="5"]

Most Read

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]