{"id":89111,"date":"2024-08-28T00:00:00","date_gmt":"2024-08-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/28\/the-kingdoms-e-commerce-industry-logs-gains-in-2023\/"},"modified":"2024-08-28T00:00:00","modified_gmt":"2024-08-28T00:00:00","slug":"the-kingdoms-e-commerce-industry-logs-gains-in-2023","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/28\/the-kingdoms-e-commerce-industry-logs-gains-in-2023\/","title":{"rendered":"The Kingdom\u2019s e-commerce industry logs gains in 2023"},"content":{"rendered":"

Saudi-based e-commerce players locked in <\/strong>USD 428 mn<\/strong> in <\/strong>venture capital <\/strong>(VC) funding <\/strong>last year<\/strong>, making it the second-highest VC funded sector in the Kingdom, according to a report (pdf)<\/a> by the General Authority for Small and Medium Enterprises (Monsha\u2019at). The domestic e-commerce market also ranked 8th among all developing economies in 2023, despite remaining \u201crelatively untapped,\u201d according to the report. <\/p>\n

E-commerce revenues are forecasted to hit <\/strong>SAR 211 bn<\/strong> (USD 56 bn) this year<\/strong>, and SAR 258.9 bn (USD 69 bn) in 2025, the report reads. E-commerce users are expected to hit 34.5 mn in 2025 \u2014 up 42% from their levels in 2019. <\/p>\n

Imports aren\u2019t leading the way:<\/strong> Only 35% of products bought online last year were imported, according to the report. <\/p>\n

Market enablers in numbers:<\/strong> As of 2023, the Kingdom had 42.9k accessible online shops, with a total of 14k warehouses and storage spaces. The Saudi Business Center issued 26.3k verified e-commerce freelance certificates, while commercial registrations for businesses operating in the sector came in at 16.6k. Meanwhile, we had 191 shipping and delivery service providers as of 2022.<\/p>\n

The outlook: <\/strong>The industry is expected to account for 12% of total GDP by next year, up from 4% in 2020. The sector has been growing at a compound annual growth rate (CGAR) of 15% since 2020 and is set to continue through to 2025. <\/p>\n","protected":false},"excerpt":{"rendered":"

E-commerce revenues are forecasted to hit SAR 211 bn this year<\/p>\n","protected":false},"author":1,"featured_media":89112,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2662],"tags":[349,10,2041],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-commerce","tag-e-commerce","tag-enterpriseam-ksa","tag-monshaat","wpautop","entry"],"acf":{"mongo_id":"f927601f-448a-4d1d-9d3f-4572432b38d8","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/2448.jpg","photo_position":"above","homepage_title":"","full_issue_title":"The Kingdom\u2019s e-commerce logs gains, well-positioned for growth ahead","related_issue":[89102],"teaser":"E-commerce revenues are forecasted to hit SAR 211 bn this year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.a0c4bb0d-e430-4cb6-8790-d231fbd336c5.mp3"},"yoast_head":"\nThe Kingdom\u2019s e-commerce industry logs gains in 2023 - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/28\/the-kingdoms-e-commerce-industry-logs-gains-in-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Kingdom\u2019s e-commerce industry logs gains in 2023\" \/>\n<meta property=\"og:description\" content=\"E-commerce revenues are forecasted to hit SAR 211 bn this year\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/28\/the-kingdoms-e-commerce-industry-logs-gains-in-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-28T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2448.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/28\/the-kingdoms-e-commerce-industry-logs-gains-in-2023\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/28\/the-kingdoms-e-commerce-industry-logs-gains-in-2023\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"The Kingdom\u2019s e-commerce industry logs gains in 2023\",\"datePublished\":\"2024-08-28T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/28\/the-kingdoms-e-commerce-industry-logs-gains-in-2023\/\"},\"wordCount\":215,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/28\/the-kingdoms-e-commerce-industry-logs-gains-in-2023\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2448.jpg?fit=%2C&ssl=1\",\"keywords\":[\"e-commerce\",\"EnterpriseAM KSA\",\"Monsha\u2019at\"],\"articleSection\":[\"E-COMMERCE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/28\/the-kingdoms-e-commerce-industry-logs-gains-in-2023\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/28\/the-kingdoms-e-commerce-industry-logs-gains-in-2023\/\",\"name\":\"The Kingdom\u2019s e-commerce industry logs gains in 2023 - KSA\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/28\/the-kingdoms-e-commerce-industry-logs-gains-in-2023\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/28\/the-kingdoms-e-commerce-industry-logs-gains-in-2023\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2448.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-08-28T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/28\/the-kingdoms-e-commerce-industry-logs-gains-in-2023\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/28\/the-kingdoms-e-commerce-industry-logs-gains-in-2023\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/28\/the-kingdoms-e-commerce-industry-logs-gains-in-2023\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2448.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2448.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/28\/the-kingdoms-e-commerce-industry-logs-gains-in-2023\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/ksa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Kingdom\u2019s e-commerce industry logs gains in 2023\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"name\":\"KSA\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\",\"name\":\"KSA\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42482.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42482.svg\",\"caption\":\"KSA\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"The Kingdom\u2019s e-commerce industry logs gains in 2023 - KSA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/28\/the-kingdoms-e-commerce-industry-logs-gains-in-2023\/","og_locale":"en_US","og_type":"article","og_title":"The Kingdom\u2019s e-commerce industry logs gains in 2023","og_description":"E-commerce revenues are forecasted to hit SAR 211 bn this year","og_url":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/28\/the-kingdoms-e-commerce-industry-logs-gains-in-2023\/","og_site_name":"KSA","article_published_time":"2024-08-28T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2448.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/28\/the-kingdoms-e-commerce-industry-logs-gains-in-2023\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/28\/the-kingdoms-e-commerce-industry-logs-gains-in-2023\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"The Kingdom\u2019s e-commerce industry logs gains in 2023","datePublished":"2024-08-28T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/28\/the-kingdoms-e-commerce-industry-logs-gains-in-2023\/"},"wordCount":215,"publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/28\/the-kingdoms-e-commerce-industry-logs-gains-in-2023\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2448.jpg?fit=%2C&ssl=1","keywords":["e-commerce","EnterpriseAM KSA","Monsha\u2019at"],"articleSection":["E-COMMERCE"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/28\/the-kingdoms-e-commerce-industry-logs-gains-in-2023\/","url":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/28\/the-kingdoms-e-commerce-industry-logs-gains-in-2023\/","name":"The Kingdom\u2019s e-commerce industry logs gains in 2023 - KSA","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/28\/the-kingdoms-e-commerce-industry-logs-gains-in-2023\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/28\/the-kingdoms-e-commerce-industry-logs-gains-in-2023\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2448.jpg?fit=%2C&ssl=1","datePublished":"2024-08-28T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/28\/the-kingdoms-e-commerce-industry-logs-gains-in-2023\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/ksa\/2024\/08\/28\/the-kingdoms-e-commerce-industry-logs-gains-in-2023\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/28\/the-kingdoms-e-commerce-industry-logs-gains-in-2023\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2448.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2448.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/28\/the-kingdoms-e-commerce-industry-logs-gains-in-2023\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/ksa\/"},{"@type":"ListItem","position":2,"name":"The Kingdom\u2019s e-commerce industry logs gains in 2023"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/ksa\/#website","url":"https:\/\/enterpriseam.com\/ksa\/","name":"KSA","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/ksa\/#organization","name":"KSA","url":"https:\/\/enterpriseam.com\/ksa\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42482.svg","contentUrl":"https:\/\/ent.news\/internal\/42482.svg","caption":"KSA"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2448.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2448.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2448.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/89111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/comments?post=89111"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/89111\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue\/89102"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media\/89112"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media?parent=89111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/categories?post=89111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/tags?post=89111"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/brand?post=89111"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=89111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}