Go-Gulf report looks at the Middle East’s latest online shopping developments
E-commerce profits went up fourfold to $20 billion in 2020 in the Gulf Cooperative Council (GCC) countries, up from $5 billion in 2015, according to a recently-released Go-Gulf infographic report titled “E-commerce in Middle East – Statistics and Trends.”
The e-commerce market for the entire Middle East North Africa (MENA) region is expected to generate $48.6 billion in sales by the year 2022.
Go-Gulf, a web development company based in the United Arab Emirates that advises other businesses on the subject, attributes the increase of online shopping, both in the Gulf and across the region, to an increase in the prevalence of cell phones.
Suhail Mirza, partner at Gowling WLG, a global law firm specializing in tech and mergers and acquisition, says that this is the case in the UAE, which has one of the largest e-commerce markets in …