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 90 - Thumb - New

Qatars MoCI and Manateq reduce land leasing rates

Qatars Ministry of Commerce and Industry (MoCI), in partnership with the Qatari Economic Zones Company (Manateq), has revealed a major reduction in leasing rates for land in industrial, logistics and commercial...

Read more
BSUQ News 89 - Thumb - New

QFC registered over 800 firms in 2024 recording 156% growth

Qatar Financial Centre (QFC) witnessed record growth in 2024, welcoming 836 new firms to its platform recording 156% growth compared to 2023.

As a result, the total number of QFC registered firms...

Read more
BSUQ News 88 - Thumb - New

Qatars MoCI and Manateq sign SMI Zone agreement

Qatar’s Ministry of Commerce and Industry (MoCI) recently entered into a strategic agreement with the Economic Zones Company (Manateq) to manage the Small and Medium Industries (SMI) Zone.

As a result,...

Read more
BSUQ News 87 - Thumb - New

Qatar’s industrial sector fuels economic diversification in 2024

Qatar’s industrial sector is experiencing significant growth, driven by strategic government initiatives aimed at diversifying the economy and supporting the development of small and medium-sized enterprises...

Read more
BSUQ News 86 - Thumb - New

Qatar Development Bank allocates QAR 1.5b to SMEs in 2024

Qatar Development Bank (QDB) successfully allocated QAR 1.5 billion (USD 412 million) in direct financing to small and medium-sized enterprises (SMEs) in 2024.

This reflects a remarkable 33% increase...

Read more
BSUQ News 85 - Thumb - New

Qatar commits QAR 210 billion to infrastructure projects

Qatar has recently unveiled its 2025 budget, allocating a total of QAR 210.2 billion (USD 57.75 billion) in expenditures, marking a 4.6% increase compared to the previous year.

Most importantly, the...

Read more
BSUQ News 84 - Thumb - New

Qatar to invest QAR 4.6 billion in UK climate technology

Qatar's strategic partnership with the UK has reached a pivotal milestone, marking a significant QAR 4.6 billion (£1 billion) investment in climate technology. This landmark agreement underscores Qatar’s...

Read more
BSUQ News 83 - Thumb - New

Qatars Hamad Port achieves 23% growth in transshipments

Qatars Hamad Port has emerged as a key trans-shipment hub in the GCC region, showcasing significant growth in the transit cargo sector.

From January to November 2024, the port recorded a remarkable...

Read more

Page Break