Everything you need to know about the ever-growing development of online stores in Gulf nations
The pace of expansion and growth of online stores or e-commerce inside the Mideast is relatively high. The revenue generated by e-commerce in the Gulf Nations is expected almost to double between 2015 and 2020. Throughout 2015, you can estimate their income at $5 billion; by 2020, it was expected to reach $20 billion. There are many reports of rising earnings inside the field of e-commerce, even though about 90% of its online items are sourced from several other nations.
There has been a dramatic shift toward e-commerce throughout the UAE, where 48 percent of customers now get motivation for purchases on the internet. Various Dubai-based e-commerce websites already provide their goods, signaling a positive trend in the development of e-commerce throughout the city. Different e-commerce platforms serve the United Arab Emirates as well as other Gulf Eastern nations, and there are many e-commerce enterprises in Dubai. There has been a considerable rise in the number of e-commerce firms inside this area, by around 25%, leading to greater international reach.
In terms of items, the internet buying and shopping categories during 2015 were topped by the clothes and footwear, electronic goods, and entertainment sectors. The foodstuff section came in last since many consumers purchase their food in physical shops. Future developments are also anticipated to follow this path. Throughout the UAE, travel and lodging bookings take the top two spots, second by apparel and accessories, electronics, then
entertainment.
Leading companies in e-commerce throughout the Gulf
The region, as well as industry consolidation
Amazon
the brand Amazon positioned itself as a significant e-commerce company throughout the area since 2017 when it purchased Dubai-based Souq com. The site Souq com served over 50 million users and then had activities across all Gulf countries during the acquisition. As a result of the launch of Amazon Prime, this firm intends to increase the number of clients it serves in the years to come. Furthermore, towards the end of 2017, the company Amazon announced that it would be opening new AWS Data Centers in Bahrain as a component of its own
aim to expand its marketplace presence within the region.
Throughout October 2017, the company ‘’Noon’’ was introduced as an alternative to Amazon in the area market. Mohamed Alabbar, Chairman of Emaar, is responsible for establishing this 1 billion dollar e-commerce business outside Saudi Arabia. A digital corporation managed by Chairman Mohamed Alabbar purchased the United Arab Emirates-based JadoPado.com in May 2017, just before the debut of Noon. This acquisition followed in the footsteps of the expanding Amazon.
The company Namshi, eBay, AliExpress, Ubuy, Aido, Awok online, and lastly Mumzworld are just a few of the many successful e-commerce websites; this quantity is only likely to increase. Furthermore, brick-and-mortar stores are adapting to that same e-commerce approach to accommodate every single consumer better.
There
are few larger retail establishments anywhere around the globe than Amazon’s the Middle East and North Africa (MENA) branch.
Many people believe that Amazon was the very first internet retailer. It may have begun as a bookshop, but it sells everything imaginable under the sun these days.
Plus, customers may save even more money using an Amazon discount code on already cheap pricing.
Regarding e-commerce throughout the Middle East and North Africa, Noon is a contender.
Noon was successful in supplying a wide selection of items from well-known manufacturers in various categories, including clothing, cosmetics, healthcare, household appliances, kitchenware, technologies, and perfumes.
You may receive the discounts you want using the Noon promo codes, and every one of these things is of the highest quality and offered at the cheapest possible rates.
Conclusion
A change in social trends and mindset could be an essential factor in driving the robust expansion of the market sector with e-commerce. Is it possible for online purchasing to take the place of more conventional forms of retail therapy? Or will traditional brick-and-mortar stores and online marketplaces complement one another and help others expand?
It’s going to be fascinating to learn the tactics that top-playing companies use in order to overcome the sociocultural hurdles they face. However, if there is one specific point, it is that e-commerce throughout the Middle East will remain and will continue to expand.
