“The E-commerce market in Saudi Arabia is expected to grow by 10.21% on annual basis to reach US$20.7 billion in 2024, growing steadily over the forecast period, recording a CAGR of 8.53% during 2024-2028. The E-commerce Gross Merchandise Value in Saudi Arabia will increase from US$18.8 billion in 2023 to reach US$28.7 billion by 2028.” Saudi Arabia Ecommerce Market Databook 2024 – The Registration of e-Commerce Firms has Grown at a Rapid Rate in 2023 and is Continuing in 2024 [Yahoo]