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 104 - Thumb

M7 and QSTP partner to target Qatar’s fashion and design sectors

M7 and Qatar Science & Technology Park (QSTP) have announced a partnership to strengthen Qatar`s entrepreneurship ecosystem.

The agreement provides for M7, an affiliate...

Read more
BSUQ News 103 - Thumb

Contracts in construction at the top of the mega projects in Qatar

A Qatar International Centre for Conciliation & Arbitration (QICCA) webinar discussed...

Read more
BSUQ News 102 - Thumb - New

Bedaya and stakeholders equip entrepreneurs on their journey in Qatar

The Bedaya Centre for Entrepreneurship & Career Development recently concluded a series of workshops as part of their ongoing foundation program.

The workshops were delivered online with the object...

Read more
BSUQ News 101 - Thumb - New

QFTH ends second wave of incubator and accelerator with demo day

Qatar FinTech Hub (QFTH) recently held the virtual Demo Day for the second wave of the incubator and accelerator program.

The major FinTech event hosted key players from Qatar’s ecosystem as well...

Read more
BSUQ News 100 - Thumb - New

A snapshot of the venture capital market in the State of Qatar

Qatar`s venture capital market has proven to be resilient despite the pandemic according to the most recent data and information.

The Qatar Venture Investment Report 2020...

Read more
BSUQ News 99 - Thumb - New

Qatar raises awareness for best practices in circular economy

The Josoor Institute held a webinar discussing the circular economy, an economic approach aimed at minimising waste, very recently.

The Josoor Institute is...

Read more
BSUQ News 98 - Thumb - New

Stakeholders in Qatar reiterate their commitment for tourism and travel

The State of Qatar has revealed an ambitious National Tourism Strategy which aims to position the country as a leading destination for tourism and travel.

Qatar has a lot to offer...

Read more
BSUQ News 97 - Thumb

Takeaways and lessons learned from the first Qatar Economic Forum

The Qatar Economic Forum concluded very recently and demonstrated the country’s position as an important centre for business, trade and investment. The virtual event provided a platform to exchange views,...

Read more

Page Break