Demand for online delivery services is surging in Saudi Arabia, according to new data released by the Kingdom’s commerce ministry.
According to a latest sectoral bulletin, Saudi Arabia has recorded a 61 per cent increase in the number of registered e-delivery businesses in the Kingdom.
The data shows how the number of e-delivery companies have increased from 2,903 in Q4 of 2023 to 4,699 in Q1 of 2024.
Riyadh tops the Kingdom with the most e-delivery companies at 2,473. This is followed by Makkah (1,253), the Eastern Province (468), Madinah (137) and Al-Qassim (114).
E-commerce growth
Meanwhile, the strong uptick in e-delivery services in Saudi Arabia is further accompanied by growth in the e-commerce sector.
Here, the Kingdom has experienced a 17 per cent increase in the number of registered e-commerce businesses between the final quarter of 2023 and the first three months of this year.
The number of registered e-commerce businesses increased from 33,074 in Q4 of 2023 to 38,850 in Q1 of 2024.
The latest bulletin goes on to highlight that growth in Riyadh, Makkah, and the Eastern regions were particularly strong.
The growth in Saudi Arabia’s e-commerce sector is one of the cornerstones of the country’s Vision 2030 objectives. As part of Vision 2030, Saudi Arabia has targeted increasing the contribution of modern trade and e-commerce to 80 per cent of the country’s retail sector.
