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E-Commerce Market in Saudi Arabia for Business Setup in Saudi Arabia

Jassim Karadan

Jassim Karadan

Senior Business Consultant

Explosive Growth Trends & Market Size

  • Q1 2025 e-commerce sales via Mada cards reached approximately USD 18.5 billion, marking a strong 56% year-on-year rise

Market forecasts vary:

  • USD 24.58–24.67 billion (2024), rising to USD 27.96 billion in 2025 with a CAGR of around 12%
  • Worldwide estimates from Statista project USD 16.53 billion in 2025, growing to USD 24.13 billion by 2029
  • More ambitious forecasts by IMARC Group suggest a leap to USD 222.9 billion in 2024, scaling to USD 708.7 billion by 2033 (CAGR ~12.8%)
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