Saudi e-commerce registrations rise 10%, reaching 40,953 by Q4-2024

GHADA.ISMAIL
Jan 6, 2025

Riyadh – Sharikat Mubasher: Commercial registrations in the e-commerce sector in Saudi Arabia rose by 10% by the end of Q4 2024, with a total of 40,953 registrations issued, compared to 37,481 registrations by the end of Q4 2023.

According to the Ministry of Commerce’s business sector bulletin for Q4 2024, Riyadh led the e-commerce registrations during this period, with a total of 16,834 registrations. Makkah followed with 10,314 registrations, then the Eastern Province with 6,488 registrations, Madinah with 1,952 registrations, and Qassim with 1,374 registrations.

Meanwhile, commercial registrations in the financial technology (fintech) sector saw a 12% increase, with 3,152 registrations issued in Q4 2024, compared to 2,795 registrations during the same period in 2023.

The top five regions for fintech registrations were Riyadh, Makkah, the Eastern Province, Madinah, and Qassim.

The continued growth in both the e-commerce and fintech sectors underscores Saudi Arabia’s commitment to advancing its digital economy, in line with the goals of Vision 2030. The increase in commercial registrations highlights the country’s position as one of the world’s fastest-growing e-commerce markets, with Saudi Arabia ranked among the top 10 countries globally in terms of e-commerce growth. 


Share

Related News

Saudi’s Lite secures $3.2 funds during LEAP 2025
News
Calendar Icon
February 13, 2025
Saudi’s Lite secures $3.2 funds during LEAP 2025
readmore
Awaed launches trading in Saudi Stock Market at LEAP 2025
News
Calendar Icon
February 12, 2025
Awaed launches trading in Saudi Stock Market at LEAP 2025
readmore
Tulbah: ProBuy utilizes AI to streamline SME financing
News
Calendar Icon
February 11, 2025
Tulbah: ProBuy utilizes AI to streamline SME financing
readmore
Al Yusr Financing to introduce new digital financing products soon
News
Calendar Icon
February 10, 2025
Al Yusr Financing to introduce new digital financing products soon
readmore
Alhaizan: Barq digital wallet serves four million customers
News
Calendar Icon
February 10, 2025
Alhaizan: Barq digital wallet serves four million customers
readmore
SiFi completes acquisition of Neya Technologies
News
Calendar Icon
February 5, 2025
SiFi completes acquisition of Neya Technologies
readmore
MoneyHash, Foodics partner to enhance payment solutions in MEA
News
Calendar Icon
February 4, 2025
MoneyHash, Foodics partner to enhance payment solutions in MEA
readmore
Fintech platform Myne closes $2mn pre-seed round
News
Calendar Icon
February 3, 2025
Fintech platform Myne closes $2mn pre-seed round
readmore
STC Bank gets nod to start operations in Saudi Arabia
News
Calendar Icon
January 29, 2025
STC Bank gets nod to start operations in Saudi Arabia
readmore
Paymob partners with Woo to revolutionize e-commerce in MENA
News
Calendar Icon
January 29, 2025
Paymob partners with Woo to revolutionize e-commerce in MENA
readmore