E-commerce in Saudi Arabia is on track to hit USD13 billion by 2015, accounting for 8 per cent of retail, new research has revealed.
The research from Dubai web design and development company PixHeart claims that an online retail market is considered to be developed if at least 8.5 per cent of a country’s total retail is completed online. This is already the case in Germany, for example, where online retail accounts for 11.7 per cent of its total retail trade.
Saudi Arabia is getting closer to this target, with online retail expected to account for up to eight per cent of its total retail market in 2015, leaving the US (7.1 per cent), Japan (6.8 per cent) and France (6.7 per cent) behind.
Check out the infographic below for more details on the research:
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