1 Day
Source:
الاقتصادية
Saudi shoppers drive 199B riyal market
The percentage of online shopping in Saudi Arabia reached 76.9%, with the telecommunications and technology market surpassing 199 billion riyals by the end of last year, amid the rapid digital transformation and consumers' growing reliance on electronic services and platforms. Local stores accounted for 95.3% of online transactions, with clothing and footwear leading at 87.7%. Additionally, the use of digital government services recorded a 96% adoption rate, with the highest penetration in the Tabuk and Qassim regions at 98.6%. The figures demonstrate that Saudi Arabia's digital economy is experiencing an annual compound growth rate of 8%, making it one of the fastest-growing markets in the region.
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