Doha: As 2022 comes to a close, Qatar’s online sales industry is anticipating beaming progress with the constant rise of sales in the Middle Eastern region adding a positive growth at a compound annual growth rate (CAGR) of 13.6 percent by 2027.
Expanding products on a day-to-day basis, the sector has gained worldwide momentum with more opportunities in all business types, according to a report by Mordor Intelligence. The research expertise advisory firm states that “E-commerce adoption is increasing as more consumers expect their products and services to be delivered digitally, seamlessly, and promptly.”
The next five years show a noteworthy increase in online trade and purchases bolstering the economy of Qatar.
Various retail stores and electronic outlets have reportedly gained profit from the latest products sold through online platforms, especially during FIFA World Cup 2022. “Companies are competing to participate in e-commerce trends.
In Qatar, the e-commerce market is showing healthy growth over the next few years, especially in the services sector,” it said.
Topping the region’s largest online marketing industry, Qatar has taken certain steps to fortify the country’s economy whilst encouraging and attracting potential entrepreneurs and investors across the globe. The added measures implemented by the State Government have created a dynamic and healthy atmosphere for every type of business venture in Qatar.
The Qatari regime in recent years has taken a course of action to enlighten and educate the citizens all about the e-commerce platform to further boost the country’s economy and move towards progressive CAGR estimated over the years. The report says that “In addition to the facilities provided to investors, the Qatar government is educating citizens about the mechanism of electronic trading when conducting financial transactions.”
“Qatar and the United Arab Emirates are among the first countries in the Arab world and the Middle East to transfer municipalities to e-space,” it added.
