E-Commerce Update - Saudi Arabia's Digital Shift Drives Robust Market Growth

The Saudi Arabian eCommerce market is experiencing robust growth driven by factors such as increasing internet and smartphone penetration, government initiatives under Vision 2030, and the adoption of digital payment methods. With a young, tech-savvy population and improvements in logistics infrastructure, the market's value is projected to rise significantly from $24.67 billion in 2024 to $68.94 billion by 2033, reflecting a compound annual growth rate of 12.1%. Challenges remain, particularly in logistics and consumer trust in online payments. Still, the overall eCommerce ecosystem in Saudi Arabia is advancing, with platforms like Amazon, Noon, and Alibaba expanding their digital presence to cater to growing consumer demand.

• Amazon.com (NasdaqGS:AMZN) last closed at $180.60 up 4.3%.
• Alibaba Group Holding (NYSE:BABA) last closed at $118.97 up 2.7%.

Elsewhere in the market, Beijing Shiji Information Technology (SZSE:002153) was trading firmly up 10% and closing at CN¥8.94. In the meantime, Microalliance Group (OTCPK:MALG) trailed, down 20% to end trading at $1.00.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Sources:

• Simply Wall St
• "Saudi Arabia Ecommerce Market Report and Company Analysis 2025-2033 Featuring Amazon, eBay, Emaar Properties Namshi, Noon, Alibaba, Jarir Marketing, and Carrefour" from Research and Markets on GlobeNewswire (published 21 April 2025)

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