{"id":72,"date":"2021-03-25T12:34:53","date_gmt":"2021-03-25T12:34:53","guid":{"rendered":"https:\/\/www.innoviusresearch.com\/blog\/?p=72"},"modified":"2022-03-21T13:37:55","modified_gmt":"2022-03-21T13:37:55","slug":"mena-and-gcc-e-commerce-market-from-2018-to-2025","status":"publish","type":"post","link":"https:\/\/www.innoviusresearch.com\/blog\/market-report\/mena-and-gcc-e-commerce-market-from-2018-to-2025\/","title":{"rendered":"MENA and GCC e-Commerce Market from 2018 to 2025"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The mass internet adoption in MENA especially in the Gulf Cooperation Council (GCC) took off around the mid-2000s mostly driven by smartphones and social media and underpinned by faster internet speeds. Businesses were late to join the digital party. Within the span of 5 years, the share of digital media increased from less than 10 % in 2012 to more than 30% in 2017. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The e-commerce phase in MENA started when in March 2017 Amazon announced the acquisition of <a href=\"https:\/\/deals.souq.com\/\" target=\"_blank\" rel=\"noreferrer noopener\" title=\"https:\/\/deals.souq.com\/\">Souq<\/a> which is the leading MENA e-commerce company for USD 580 million. Later in that year Emaar properties launched a new e-commerce venture with USD 1 billion funding which was backed Public Investment Fund of Saudi Arabia.<\/p>\n\n\n\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6580330613220222\"\n     crossorigin=\"anonymous\"><\/script>\n<ins class=\"adsbygoogle\"\n     style=\"display:block; text-align:center;\"\n     data-ad-layout=\"in-article\"\n     data-ad-format=\"fluid\"\n     data-ad-client=\"ca-pub-6580330613220222\"\n     data-ad-slot=\"2367613624\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>Regional Insight<\/strong><\/h5>\n\n\n\n<p class=\"wp-block-paragraph\">\u2023<strong> KSA<\/strong> and <strong>UAE<\/strong> dominate the Middle East region with nearly <strong>58.5%<\/strong> of the market share. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2023 The value of e-commerce in the Middle East in 2020 amounted to around 17 billion U.S. dollars, of which 5.5 billion U.S. dollars was in Saudi Arabia, and 4.5 billion U.S. dollars was in the United Arab Emirates market.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-twentytwentyone-image-frame\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"335\" src=\"https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2021\/03\/Slide1-1-1024x335.jpg\" alt=\"The Middle East E-Commerce Market Size by Country (USD Billion)\" class=\"wp-image-83\" srcset=\"https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2021\/03\/Slide1-1-1024x335.jpg 1024w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2021\/03\/Slide1-1-300x98.jpg 300w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2021\/03\/Slide1-1-768x251.jpg 768w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2021\/03\/Slide1-1.jpg 1097w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption><strong><em>The Middle East E-Commerce Market Size by Country (USD Billion)<\/em><\/strong><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u2023 <strong>Post COVID<\/strong>, the forecast for GCC countries remain <strong>positive<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-twentytwentyone-image-frame\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"244\" src=\"https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2021\/03\/Slide2-1024x244.jpg\" alt=\"GCC E-Commerce Market Size Post COVID (USD Billion)\" class=\"wp-image-85\" srcset=\"https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2021\/03\/Slide2-1024x244.jpg 1024w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2021\/03\/Slide2-300x71.jpg 300w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2021\/03\/Slide2-768x183.jpg 768w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2021\/03\/Slide2.jpg 1155w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption><strong><em>GCC E-Commerce Market Size Post COVID (USD Billion)<\/em><\/strong><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Data Sources:<\/strong> <a href=\"https:\/\/www.bain.com\/\" target=\"_blank\" rel=\"noreferrer noopener\" title=\"https:\/\/www.bain.com\/\">Bain<\/a>, <a href=\"https:\/\/www.statista.com\/\" target=\"_blank\" rel=\"noreferrer noopener\" title=\"https:\/\/www.statista.com\/\">Statista<\/a>, <a href=\"http:\/\/www.tradearabia.com\/\" target=\"_blank\" rel=\"noreferrer noopener\" title=\"http:\/\/www.tradearabia.com\/\">Trade Arabia<\/a> and others.<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><em>To know more about this market study <strong><a href=\"https:\/\/www.innoviusresearch.com\/contact-us.php\">Contact Now<\/a><\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The mass internet adoption in MENA especially in the Gulf Cooperation Council (GCC) took off around the mid-2000s mostly driven by smartphones and social media and underpinned by faster internet speeds. Businesses were late to join the digital party. Within the span of 5 years, the share of digital media increased from less than 10&hellip; <a class=\"more-link\" href=\"https:\/\/www.innoviusresearch.com\/blog\/market-report\/mena-and-gcc-e-commerce-market-from-2018-to-2025\/\">Continue reading <span class=\"screen-reader-text\">MENA and GCC e-Commerce Market from 2018 to 2025<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":97,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[10],"tags":[12,11,13],"class_list":["post-72","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-report","tag-e-commerce-market-size","tag-market-size","tag-market-study","entry"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"Overview of MENA and GCC E-Commerce Market and Regional Insight from 2018 to 2025. 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