“It has been a step-change year for us across the MENA region, all driven by the partnerships we’ve put in place with our merchants over the past decade,” said Pousaz.

Shopping for holidays are more exciting with new Jumbo Electronics services. Many people in UAE will be seeking for right gift for their friends and family over the festive season. In-store shoppers may explore, touch, and discover the enormous selection of gadgets and appliances for which Jumbo is known. Shoppers can opt for ordering things online or at nearby store.

“The e-commerce market in Saudi Arabia is smaller in comparison to some of the bigger e-commerce markets, such as China, US, and the UK, however, its tremendous potential is already apparent despite its infancy, and the advancement of a robust e-commerce ecosystem in the years ahead will present a multitude of economic and social benefits,” said Pablo Martinez, BCG.

The main goal of AMP by Virtuzone is to help prospective e-commerce entrepreneurs accelerate their growth, reduce the risks and problems they face, and put them in a position to succeed. The accelerator programme is offered free of charge with the establishment of an e-commerce company with Virtuzone to make AMP accessible to any entrepreneur.

Reports say that the value of China’s live-commerce market grew at a compound annual growth rate (CAGR) of more than 280 percent between 2017 and 2020, to reach an estimated $171 billion in 2020.