Online shopping has gained tremendous traction worldwide. The e-commerce trade across the Middle East has witnessed a huge transition and has increased by a whopping 1500 percent over the past 10 years.
As per a report by BMI Research, the e-commerce market in the Middle East is forecasted to be $26.9bn in 2018 and will reach $48.6bn in 2022. Saudi Arabia and the UAE will remain the fastest growing e-commerce markets in this region. Further, the report states some of the significant reasons for the growth of e-commerce in these two countries include young adult population who are digitally savvy, high purchasing power, growing number of 3G/4G subscribers among others.