Saudi Ministry of Commerce Issues 37,500 E-commerce Registers in Q4 2023

Riyadh – The Ministry of Commerce in Saudi Arabia has announced that the total number of e-commerce registers issued during the fourth quarter of 2023 reached an impressive figure of 37,481. This marks a substantial increase of 24% compared to the same period in the previous year when there were 30,190 e-commerce registers recorded. The Ministry shared this information through its quarterly business sector bulletin.

In addition to the surge in e-commerce registrations, the total number of commercial registers reached a noteworthy milestone by reaching 95,860 during the fourth quarter of this year. This indicates a thriving business landscape and highlights Saudi Arabia's commitment to fostering economic growth and diversification.

Amongst all regions within Saudi Arabia, Riyadh emerged as having the largest number of e-commerce registers during Q4 2023 with an impressive count of 15,074. Following closely behind are Makkah and the Eastern Province with respective figures of 9,529 and 6,011 e-commerce registrations. These numbers demonstrate how various regions across Saudi Arabia are actively embracing digital commerce as part of their economic strategies.

The significant increase in e-commerce registrations reflects not only a growing digital economy but also showcases how businesses are adapting to changing consumer behaviors and preferences. With more individuals turning to online platforms for their shopping needs, it is crucial for businesses to establish their presence within this dynamic marketplace.

Saudi Ministry of Commerce Issues 37,500 E-commerce Registers in Q4 2023The Ministry's efforts in facilitating these registrations align with Saudi Arabia's vision for economic transformation outlined under Vision 2030. By promoting digital commerce initiatives and supporting entrepreneurs and businesses entering this space, Saudi Arabia aims to create a vibrant ecosystem that fosters innovation while driving economic growth.