Saudi Arabia drives MENA e-commerce rise in the festive season
The Kingdom led the way in mobile commerce adoption, with 62% of online purchases made via mobile devices
Saudi Arabia played an important role in driving a 44% increase in e-commerce orders across the Middle East and North Africa region during the 2024 festive season, according to a joint study by Flowwow and Admitad.
The surge was fueled by trends in mobile shopping, cultural celebrations, and gifting. Saudi Arabia led the way in mobile commerce adoption, with 62% of online purchases made via mobile devices.
The report also highlighted growth in the broader MENA e-commerce market, which is expected to reach $50 billion by 2025. During the holiday season, this market experienced a substantial uptick in activity.
Flowwow, a UAE-based gifting marketplace, reported a 62% rise in purchases, an 86% increase in sales turnover, and a 15.76% increase in average order value compared to the previous year.
According to the study, November emerged as the busiest month for e-commerce, driven by Black Friday sales and preparations for Christmas and New Year. Ramadan in March and International Women’s Day in January also contributed to sales growth, with increases of 11 percent and 14 percent, respectively.
Across the region, the average order value rose from $30 in 2023 to $36 in 2024, reflecting a shift toward higher spending on quality items.
More From “Economics”
S&P: UAE GDP growth will remain strong in 2025-2027
Fitch: GCC debt capital market hits $1 trillion
Saudi Arabia drives MENA e-commerce rise in the festive season
The Kingdom led the way in mobile commerce adoption, with 62% of online purchases made via mobile devices
The calls to revive Iraq-Syria oil pipeline after Assad overthrow grow
GCC secures 6th spot globally in goods trade volume
Saudi Arabia’s Maaden and Bahrain’s Alba end aluminum deal talks
S&P: Banking sector in Kuwait, Qatar and UAE is to stay stable
Egypt’s economy struggles with rising refugee crisis
Regional challenges cost Egypt $7bln of Suez Canal revenues
Saudi Arabia commited $500mln aid to stabilize Yemen’s economy
Reuters: Qatar plans to help boost Syrian government salaries
EU’s green ambitions are threatened by Qatar’s warns of LNG halt