14-Jul-19, Zawya
The new electronic commerce law passed by the Saudi Cabinet last week is set to further accelerate the kingdom’s fast-growing online retail market.
%20Reuters_Faisal%20Al%20Nasser.jpg "Saudis new e commerce law to accelerate USD21 bn market grow (c) Reuters Faisal Al Nasser")
Image: Reuters / Faisal Al Nasser
The Saudi Cabinet approved a new electronic commerce law to regulate the relationship between the different parties in the sector, in a move that could stimulate a market that has been named as one of the 10 fastest-growing worldwide.
It could also increase online retail’s contribution to the local economy, and help to drive down unemployment among internet-savvy Saudi youth, especially women.