The commercial landscape in Madinah has witnessed a modest uptick in its electronic commerce activities, as indicated by the latest data. As the fourth quarter of 2023 concluded, the city saw its e-commerce registrations climb by 2.6 percent to reach 1,834 entries. This increase is a continuation of the growth trend observed from the previous quarter, which had 1,792 entries.
In a broader context, Madinah claimed the fourth position among the leading five regions in the Kingdom of Saudi Arabia for the number of active e-commerce records. The report from the Ministry of Commerce for Q4 2023 highlights the city’s significant presence in the digital commerce space with nearly 1,800 active records.
The Kingdom’s e-commerce sector as a whole demonstrated robust expansion in the final three months of the previous year. An impressive 24 percent surge was recorded, with the total number of e-commerce records reaching approximately 37,400. This is a notable rise when compared to the same period in 2022, where the figure was around 30,100.
This growth underscores the increasing shift towards digital commerce within the region, reflecting broader economic trends and the adaptation of businesses to the evolving market demands.