Al-Qasabi: The Kingdom is among the top 10 developing countries in e-commerce

Dr. Majid Al-Qasabi, Minister of Commerce, confirmed that the Kingdom is one of the top 10 developing countries in the field of e-commerce, at a rate of more than 32% annually. This came during a symposium organized by the E-Commerce Council in cooperation with the Saudi-British Joint Business Council in London yesterday entitled “The Role of E-commerce in Strengthening the Saudi-British Economic Partnership”, with the participation of a high-level Saudi delegation headed by the Minister of Commerce and Chairman of the E-Commerce Council Dr. Majid Al-Qasabi, and includes Its membership includes leaders from 11 government agencies.

The event aimed to showcase the promising opportunities launched by the Kingdom’s Vision 2030, specifically in the areas of digital infrastructure, financial technology, electronic payment, logistics and transportation, last mile delivery solutions, as well as electronic services related to quality of life such as e-health, e-learning, entertainment, Games, and others, and during the event, which was attended by Prince Khalid bin Bandar bin Sultan bin Abdulaziz, Ambassador of the Custodian of the Two Holy Mosques to the United Kingdom, and in which the Honorary President of the Saudi-British Joint Business Council Elizabeth Simons participated on the British side, Al-Qasabi said: The Kingdom is one of the top 10 countries Growth in the field of e-commerce with an annual growth rate of more than 32%.

He stressed that strengthening the e-commerce business system is one of the goals of the National Transformation Program in support of achieving the Kingdom’s Vision 2030, due to the importance of e-commerce and its role in strengthening the national economy.

For her part, Deputy Minister of Commerce and General Supervisor of the E-Commerce Council, Dr. Iman Al-Mutairi, addressed the most prominent reforms implemented by the Kingdom in the field of e-commerce, in addition to the growth opportunities in the field, in light of the growth of a market that reached 162 billion riyals in 2021.

The delegation will complete its work in London today by visiting a number of business accelerators and incubators, most notably “Techuk” concerned with trade and technology, which constitutes British government cooperation with about 350 members in various sectors with the aim of forming and accelerating trade policies, in addition to visiting LEVEL39, which is a center for innovation and accelerator Specialized businesses in Cyber ​​Security, Fintech, Retail, Smart Cities.


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