Market Share of Saudi Arabia Ecommerce Industry
Saudi Arabia's Ecommerce Market is witnessing a rise in competitiveness among companies. The market consists of various major players, such as Amazon, Haraj, Noon A.D. Holdings Ltd, Namshi General Trading L.L.C., and Aliexpress. In terms of market share, these significant players are presently dominating the e-commerce market in Saudi Arabia. However, with increasing innovations in e-commerce, many companies and startups are increasing their market presence by securing new contracts and tapping new markets.
In May 2023, Amazon inaugurated its latest Fulfillment Center in Riyadh, Saudi Arabia, with the growing e-commerce market in the country. The facility spans 390,000 square feet across five floors that are approximately the size of five football fields. Moreover, the center is expected to store over 9 million products, facilitating Amazon to delight customers with a wider selection of products across electronics, appliances, groceries, fashion, books, and more.
In April 2023, Noon A.D. Holdings Ltd (Noon E-Commerce) introduced Noon One, which provides customers with a simple way to save money on purchases. It has been designed as an upgraded loyalty scheme, which offers members unlimited free delivery on all the app products and encourages them to shop more frequently.
Saudi Arabia E-Commerce Market Leaders
Amazon.com, Inc
Haraj
Noon AD Holdings Ltd
Namshi General Trading L.L.C
Aliexpress
*Disclaimer: Major Players sorted in no particular order
