The pandemic caused by covid-19 has accelerated the growth of electronic commerce. Globally, sales are expected to go from $4.13 trillion in 2020 to $ 8 trillion in 2021, which will represent approximately 20% of total retail sales.
Similar growth is taking place in the Gulf, with the 26.9 billion dollars in 2018 expected to reach 48.6 billion in 2022, as can be seen from the information published in Trade Arabia. This trend has been accelerated for two reasons: on the one hand, the greater penetration of the Internet, which allows consumers to buy easily through their mobile devices; and, on the other, the distribution of the population. In Saudi Arabia, 60% of the population is under 30 years old, which predisposes them to adopt eCommerce as a habitual means of purchase.
When it comes to e-commerce, Saudi Arabia ranks as the leading market in the Gulf in terms of growth and size. Last year, within the framework of mobility restrictions caused by the pandemic, total electronic transactions increased by 75%, Arab News reports, while their total value increased by 24% compared to 2019. For their part, the number of electronic outlets increased by 70% in the Saudi Kingdom. In a study carried out by Mastercard, whose information has been echoed by the Arab News portal, it is highlighted that food, health, clothing and banking are the sectors where eCommerce penetration is greatest. More than 68% of Saudi consumers buy food online, 73% clothes, 65% medicines and 64% operate through online banking. In addition, 58% of Saudi consumers say they buy more comfortably online than in store.
As a consequence of the increase in electronic transactions, the use of cash and withdrawals at ATMs have decreased. In the framework of Vision 2030, the authorities want to deepen this scenario. Thus, a priority objective of the Financial Sector Development Program is to reduce the amount of cash used in the kingdom by developing financial infrastructures that facilitate the transition to electronic payments. The goal is for electronic payments to account for 70% of all transactions in the kingdom by 2030, as reported by Arab News.
To achieve this, in October 2020 an Electronic Commerce Law was approved, which will allow to deepen the intensification of eCommerce observed and whose regulatory development came into force on January 31. Under the regulation, a new interbank transfer mechanism will be implemented this month, which will speed up the processing of payments between local banks and help strengthen the e-commerce industry. On the other hand, Saudi Arabia has been the first country in the world to provide Apple Pay services through a national payment mechanism (MADA) that is installed in 92% of electronic points of sale in the kingdom.
In short, the pandemic has accelerated the change that was taking place in consumer habits. The Saudi authorities are aware of this and are taking steps to improve and strengthen the e-commerce system and experience in the country. But, there are many B2B ecommerce websites that are quite popular throughout Saudi Arabia. Here are 10 of them.
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1. eWorldTrade
In the realm of B2B e-commerce, eWorldTrade has made significant strides capitalizing on the market potential earning a spot among the top 10 performing e-commerce businesses in Saudi Arabia. It has captured the promising potential, connecting diverse buyers and sellers from around the world to have a global outreach through this channel.
eWorldTrade’s penetration in the Middle Eastern region has been downright successful, which can be signified through their work for the Saudi Arabian market.
2. Namshi
Namshi is a global online retailer that offers over 300,000 products from across the world. From clothes to gadgets and accessories, they have it all. They offer free shipping on orders of $100 or more with no minimum purchase required so you can shop for less and spend more!
Namshi doesn’t just provide great prices, but also provides customers with an easy way to find what they’re looking for quickly and efficiently. You can use their search bar to filter by category or keyword- in addition to browsing through their countless pages of items in different categories such as Women’s Clothing and Accessories, Men’s Clothing & Footwear, Electronics & Computers, Food & Grocery Products etc.
Namshi is a fast-growing, online retailer that is changing the way people shop in the Middle East. Namshi has grown to become one of the region’s largest and fastest growing fashion retailers with hundreds of thousands of customers and billions in sales. Millions more are shopping Namshi every day for their latest apparel, footwear, bags and accessories from around the world.
Customers can find everything from formal attire to trendy outfits at affordable prices on Namshi’s website or app which features live updates on new arrivals every week.
3. Jarir
Jarir started in the year 1957 as a small family business. They are one of the leading distributors of food, construction materials and general supplies for many major international companies operating in Saudi Arabia. Jarir is headquartered in Riyadh and they have over 100 branches and affiliates all across the Kingdom.
Jarir has been subject to several awards since its inception: The first was awarded by His Royal Highness Prince Faisal bin Abdulaziz Al Saud at his palace on April 17th 1969; followed by an award from His Majesty King Fahd as well as one from Al-Nahda Bank for Islamic Development (BKID). These awards were given for contributions made to various projects such as schools, mosques, housing units and water reservoirs among various others.
4. Amazon
Amazon is a company that started in 1994. In 2015, they were the largest retailer on Earth with $135 million worth of goods sold every year. They have been expanding their services all over the world and one of these expanded services include Prime Now – this service delivers items to customers within 2 hours. They offer a wide variety of products including books, clothes, jewelry and much more!
It has more than 3 million items for sale, including clothing, food, toys, furniture and much more. Purchases can be made from the site or from any of its mobile apps.
Amazon provides customers with discounts on certain items as well as free shipping to Prime members in most countries. In 2015, Amazon surpassed Walmart as the most valuable retailer in the United States by market capitalization.
Amazon was founded by Jeff Bezos, who is now the world’s richest man. Bezos is also famous for being the founder of Blue Origin, the company that is trying to revolutionize space travel.
Amazon is renowned across the globe for being one of the largest marketplaces, turning billions in revenue. It is available in almost every major country, and is the most profitable company by a mile. Today, Amazon rules over virtually all of the ecommerce space.
In Saudi Arabia, the company is still expanding, however. It’s not as big as it is in the United States, and the number of product choices are also not as massive as you might think.
5. Nahdi Online
Nahdi Online is a new online marketplace that offers the best deals on everything from clothing to electronics. With more than 50k items available, there are lots of bargains you won’t want to miss out on. You can find anything from cute dresses and year-round boots at unbeatable prices, to discounted appliances and TVs for your home. There’s no need to spend hours searching through retail stores anymore when everything you could ever need is just one click away!
Nahdi Online was created by two women who wanted a better way for people like them – busy moms and working professionals – to shop in their free time without breaking the bank. The site features affordable prices with discounts up to 80%.
6. YesStyle
YesStyle is a fashion e-commerce site that offers clothing, shoes, handbags and other accessories. YesStyle’s goal is to make it easier for you to find the latest styles at unbeatable prices. They offer free shipping on orders over $79 USD anywhere in the world (with some exceptions), with no minimum purchase required. There are also deals every day of the week!
YesStyle has more than 200 brands from all around the world including many of your favorites such as: Mango, ASOS, H&M and Keds just to name a few. You can use their search function or browse by category to find exactly what you’re looking for! It delivers to Saudi Arabia and is one of the best platforms for people who are looking to shop for new items or apparel.
7. iHerb
iHerb is a company that sells a wide variety of natural products, including vitamins and supplements for adults and children. They offer many organic options as well!
You can also purchase books on health topics such as nutrition, weight loss, cooking, etc.
If you are looking for some new ways to cook healthy meals at home or seeking out new products to add to your lifestyle – iHerb is the place for you!
iHerb is a website that offers health and wellness products. They offer over 20,000 different types of vitamins, herbs, protein powders and more! You can find anything from beauty supplies to supplements for your pets.
8. Centre Point Stores
Centre Point Stores is an online retailer that sells clothes for men and women. They offer a variety of clothing options, like dresses, tops, pants, skirts, jackets and more. The store also has seasonal collections with new styles added every month to keep up with the latest trends in fashion. Shopping on Centre Point Stores is easy; you can search by size or browse through categories to find what you need. Plus they have helpful customer service representatives available 24/7 if you ever need help shopping or placing your order!
They have generated more than $30m in revenue in 2019, and primarily operate in the Saudi markets. However, they are also available in the United Arab Emirates. Their online store was taken offline in 2020 however.
9. uBuy
Ubuy is a company that connects shoppers with sellers to provide the best deals. They give you access to great bargains and the ability to sell your items for a profit.
Ubuy also has tools for businesses, such as inventory management, order fulfillment, and logistics analysis. Their goal is to make it easier for everyone from mom-and-pop shops looking to grow their business all the way up through major retailers who want an edge in today’s global market. Ubuy provides everything needed from one source—including marketing resources like traffic optimization and social media marketing services—so you can focus on what matters most: running your business!
10. Carrefour
Carrefour is the leading retailer in Saudi Arabia. It offers its customers a wide range of products, including fresh produce and meats, groceries, household items, clothing and more. Carrefour has many locations in Saudi Arabia that are conveniently located to serve all areas of the country.
Carrefour also has an online store that provides customers with access to their favorite brands anytime they want them at home or on-the-go. Carrefour is a French multinational retailer with over 12,000 stores in 33 countries. They have been in Saudi Arabia for about five years now and are still expanding. Carrefour offers an assortment of products that range from food to electronics, home appliances to clothes – all at the best prices possible. It has quickly grown to become one of the top stores in Saudi Arabia, especially because Majid Al Futtaim owns exclusive rights to Carrefour operations in over 38 countries.
They have more than 250 hypermarkets and a comprehensive online store.
These are the best B2B ecommerce websites in all of Saudi Arabia. The country is quickly becoming more and more popular in the ecommerce markets, especially as more young talent continues to innovate. The future is amazing in Saudi Arabia and there’s significant profit potential as well for local players.
