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FINANCIAL NEWS
GCC’s e-commerce trade to become world’s fastest growing
14 Nov 2016
(MENAFN) With the high level of Internet penetration and positive economic fundamentals, the GCC region will become the world’s fastest growing e-commerce playground.
However, despite strong economic fundamentals, the GCC is one of the most under penetrated e-commerce markets in the world.
The e-commerce estimated market size reached USD5.3bn in 2015, while it contributes only about 0.4 percent to the region”s GDP.
On the other hand, there are notable chances to overcome these challenges and ease growth in the sector, while the market will expand to USD20bn by 2020.
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