Saudi Arabia significantly contributed to a 44% increase in e-commerce orders across the MENA region during the 2024 festive season. The growth was driven by mobile shopping, cultural events, and gifting, with mobile commerce leading the way. The region’s e-commerce market is expected to reach $50 billion by 2025.
Qatar’s digital commerce sector is projected to reach $7.29bn by the end of 2024, with a CAGR of 21.70% leading to $19.46bn by 2029. The market is set to see over 1.6 million new users, driven by advances in AI, data analytics, and automation, positioning Qatar for significant digital growth.
Algeria’s e-commerce market has reached $1.5 billion, driven by an increase in payment cards to over 18 million. This growth underscores e-commerce’s role in fostering economic development, digital transformation, and financial inclusion, despite ongoing challenges with cash payments.
PayTabs Egypt partners with Souhoola to expand its BNPL offerings, enhancing e-commerce payment options and competitiveness. This strategic alliance aims to meet consumer demands for convenience and support Egypt’s progression towards a cashless society.
Saudi Minister of Commerce, Majid Al-Qasabi, highlighted the growth of the e-commerce sector, fintech advancements, and support for SMEs, emphasizing the Kingdom’s focus on innovation and digital empowerment.
