Story perspectives

Saudi E-Commerce Set to Hit $16.3 Billion by 2025

10/24/2025

Summary

Majid Al Futtaim Expands

The Saudi e-commerce market is projected to reach USD 16.3 billion by 2025, growing 12.3% through 2032, driven by Vision 2030, internet access, and smartphones.
In 2024, the retail sector is USD 268.56 million and is set to reach USD 398.45 million by 2030.
Supply chain challenges persist.
Majid Al Futtaim, the UAE-based retailer, expands digital platforms and launches Abercrombie & Fitch sites in Saudi Arabia and Qatar.

Summary

E-commerce Market Growth

The subscription e-commerce market is projected to grow from USD 180.48 billion in 2025 to USD 356.11 billion by 2030, with a CAGR of 14.56%.
Key trends include AI-driven personalization, a shift from ownership to access among younger consumers, buy-now-pay-later (BNPL) payments, and refill-based sustainability.
The market is segmented by subscription model, product category, payment mode, and geography, with opportunities in beauty, food, and entertainment.

History

Historical Context

In April 2016, Saudi Arabia launched Vision 2030 under Crown Prince Mohammed bin Salman to diversify its economy away from oil dependency, which still accounted for 43% of GDP. The initiative aims to boost sectors like e-commerce, projected to reach USD 16.3 billion by 2025, reflecting a significant shift in consumer behavior and positioning Saudi Arabia as a regional e-commerce hub.

1 of 3

Majid Al Futtaim Expands

The Saudi e-commerce market is projected to reach USD 16.3 billion by 2025, growing 12.3% through 2032, driven by Vision 2030, internet access, and smartphones.
In 2024, the retail sector is USD 268.56 million and is set to reach USD 398.45 million by 2030.
Supply chain challenges persist.
Majid Al Futtaim, the UAE-based retailer, expands digital platforms and launches Abercrombie & Fitch sites in Saudi Arabia and Qatar.

1 / 3