E-commerce logs SAR 250 mln investments in Q1 2021: Monsha'at

Logo of Monsha'at

The e-commerce sector reported investments volume of nearly SAR 250 million during the first quarter of 2021, Al Eqtisadiah newspaper reported, citing the Small and Medium Enterprises General Authority (Monsha'at).

E-commerce featured on the list of the most prominent sectors in terms of the volume of deals during 2020, with its share reaching 20% of 88 deals.

Monsha'at indicated that the e-commerce sector received the highest rate of investment rounds in terms of value, which amounted to SAR 256 million, accounting for 45% of investment tours during the past year.

Monsha'at provides many programs and services to develop e-commerce across the Kingdom and support investors in it, as it facilitates the linking of work between providers of products and services as well as electronic applications in areas determined by the application owner.