The issuance of Saudi e-commerce records has shot up by 21 per cent touching 35,314 in the second quarter of 2023, according to the Commerce Ministry’s business sector bulletin.
Riyadh region has come to the forefront, issuing most e-commerce records, followed by Makkah, Al-Sharqiyah, Al-Qassim and Asir.
These results follow the Ministry’s efforts to enhance the electronic commerce business system, being one of the Kingdom’s Vision 2030 goals.
The Ministry of Commerce is seeking to stimulate the e-commerce market and increase reliability and confidence in its dealings, as well as protect dealer rights in a way that enhances growth.
Currently, the Ministry is working on 10 high-priority projects, divided into six laws and four regulations.
The laws cover the Consumer Protection Law, the Commercial Register Law, the Trademark Law, the Commercial Transactions Law, the Franchise Brokerage Law and the regulations for establishing government companies.
The four regulations are the Family Companies Charter, the Corporate Governance Regulation, the Implementing Regulation for the Commercial Register Law and the Implementing Regulation for the Trade Name Law.
The Ministry aims to support entrepreneurs who want to switch from regular trade to e-commerce through the agencies that offer their services in terms of empowerment, e-payment, digital marketing, technical solutions, e-markets, logistical solutions and platforms for developing e-stores.
The most prominent of these agencies is the E-Commerce Council of the ministry, which aims to enhance the reliability of e-commerce and increase its contribution to the national economy and stimulate commercial activities in Saudi Arabia.
E-commerce is deemed vital for strengthening the national economy, especially since Saudi Arabia is one of the top 10 growing countries in the field of e-commerce with a percentage exceeding 32 per cent.
