Qatar’s e-commerce market sales to exceed QAR 11.7 billion

16/02/21

Qatar’s e-commerce market is developing and is expected to exceed QAR 11.7 billion (USD 3.2 billion) by 2022 compared to QAR 4.7 billion (USD 1.3 billion) in 2017. Over 350 e-commerce websites have been registered with the Ministry of Transport & Communication (MOTC) so far. The development of the sector has many reasons.

Qatar has one of the world`s highest internet adoption rates and ranks among top countries in terms of acceptance of information and communication technologies (ICT).

The e-commerce penetrate rate in the country increase from 15% in 2018 to 37% in 2019 due to a trend with more and more online payments.

The outbreak of Covid-19 has forced many clients and consumers to opt for e-commerce platforms and banks to launch new products and services to enable the businesses to maintain their operations.

An example of these innovations is the introduction of contactless payment options which allow clients and customers to make debit/credit card payments simply by hovering their card over a machine (with or without the need to enter the PIN number).

Banks have launched wearable devices enabling them to make payments without using credit cards, debit cards or smartphones to further the alternatives for clients and consumers in the pandemic. It results in more convenience and the adherence to social distancing requirements related to the pandemic.

Many retail outlets, start-ups, scale-ups and small and medium-sized enterprises (SMEs) have explored social media platforms to advertise their products and services to attract more clients and customers and to boost the sales. As a result, consumers can now order products and services using platforms including, but not limited or restricted to WhatsApp, Instagram, Facebook, Telegram and Twitter.

Please click on the link and reach out to learn more about opportunities and possibilities in e-commerce as well as Business Start Up Qatar.

Other News

BSUQ News 132 - Thumb

Qatar attracts most FDI in ME and meets key partners

The Investment Promotion Agency Qatar (IPA) revealed that Qatar attracted 71% of all Middle East investment in the second quarter of this year.

The report provides ...

Read more
BSUQ News 131- Thumb

More interest in social entrepreneurship in Qatar

Qatar is seeing an increase in social entrepreneurs dedicated to developing solutions to community based problems.

At a recent event, representatives of key stakeholders in the community of Qatari businessmen...

Read more
BSUQ News 130 - Thumb

Mega-solar power plants in Qatar for sustainability

Qatar Energy Renewable Solutions recently awarded a gigantic solar energy power plant contract to South Korea’s Samsung C&T.

The QAR 2.3 billion (USD 630 million) Engineering, Procurement and Construction...

Read more
BSUQ News 129 - Thumb

Qatar to build the most sustainable food supply chain

In keeping with the United Nations Sustainable Development Goals 2030, Qatar has revealed its ambition to build a sustainable food supply chain. This project is also inspired by the government’s goal...

Read more
BSUQ News 128 - Thumb

Launch of labour re-employment platform in Qatar

Qatar Chamber(QC) has successfully launched its revised labour re-employment platform targeting the private sector.

The digital platform is administered in collaboration and cooperation with the [Ministry...

Read more
BSUQ News 127 - Thumb

Investors confident in Qatar’s non-energy sectors

Qatar Financial Centre (QFC) data indicates the non-energy private sectors rapid growth according to the latest Purchasing Managers’ Index (PMI) survey.

The rates of expansion in total activity, new...

Read more
BSUQ News 126 - Thumb

SMEs are key contributors to Qatar’s economy

The State of Qatar`s small and medium enterprises (SMEs) represent 97% of registered private sector companies and contribute 16% to non-oil gross domestic product (GDP).

“The Report: Qatar 2022”...

Read more
BSUQ News 125 - Thumb

Qatar continues to grow and maintains trade surplus

Qatar`s real economic growth rate has grown by 2.5% based on constant prices according to figures released by the Planning & Statistics Authority (PSA).

The real economic growth rate is based on preliminary...

Read more

Page Break