Saudi Arabia’s e-commerce market is on track to reach $14.78 billion this year, with projections to hit $25 billion by 2029, growing at a CAGR of 11.08%, according to Statista.com. This growth is fueled by the increasing number of internet users, expected to reach 33.6 million.
As the kingdom undergoes significant digital transformation, the need for top-tier web developers, coders, mobile application, and e-commerce platform developers is crucial. WebCastle Technologies, a Dubai-based e-commerce leader, recently entered the Saudi market and won the prestigious Best E-Commerce Agency Award at the 6th Middle East Retail & E-Commerce Summit and Awards KSA held at the Marriott Hotel in Riyadh.
Jabir ML, co-founder and CEO, and Suhail Iqbal, Director and CGO, accepted the award, highlighting their company’s role in accelerating the digital growth of Saudi businesses through advanced technology platforms like Web 3.
“Receiving this award shortly after entering Saudi Arabia showcases our expertise in digitally transforming businesses,” said Jabir. “We have completed over 1,000 projects across the GCC region, helping more than 800 clients enhance their online platforms.”
WebCastle Technologies plans to further boost its Saudi clients’ growth by leveraging its experience in web development, mobile applications, and e-commerce platforms. The company aims to enable businesses to thrive in the rapidly evolving digital landscape of Saudi Arabia.
According to the US Department of Commerce, Saudi Arabia’s e-commerce market is poised for continued growth, with 33.6 million internet users expected by 2024, up 42% from 2019. The kingdom boasts high smartphone penetration rates, rapid internet speeds, and a significant portion of its population with bank accounts.
“As a Google Partner with a team of Microsoft Certified System Engineers, we have built some of the most user-friendly and efficient web portals, e-commerce platforms, and mobile applications,” said Iqbal during his keynote address. “For Saudi Arabia to grow faster, businesses must become more digitally focused to acquire more customers and accelerate sales. Strengthening online presence and embracing Web3 platforms are key to the kingdom’s economic growth and employment.”
WebCastle Technologies is committed to helping Saudi Arabian businesses achieve their digital transformation goals, supporting both public and private sectors in their journey towards enhanced growth and digital presence.
