Arab E-Commerce Summit 2017

• Internet spending in the Middle East is booming with GCC countries expecting a 40 per cent growth in e-commerce by 2020

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• By 2020 e-commerce sales across GCC countries is expected to touch $41.5 billion, which will be one of the highest growths across this industry worldwide

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• The UAE is expected to be a key market for e-commerce with a total market share of 53 percent across the GCC countries followed by Saudi Arabia at 14 percent, Oman and Qatar at 12 and 10 percent respectively

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• E-commerce in MENA region is expected to grow from $95 billion in 2013 to $200 billion in 2020

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• The MENA region will be linked through 545 million connected devices and 390 million internet users by 2020