Description:
The Middle East retail landscape is fast evolving and witnessing a sustained growth both in offline and online shopping. Online shopping in particular has seen a 45% growth during the past year fuelled by competition, mobile payments, and an increasingly tech savvy population in the Middle East. PayPal’s new report takes a comprehensive look at statistics and trends in e-commerce in the Middle East, specifically the UAE, Saudi Arabia, an Qatar. The e-commerce market will grow from $5 bn in 2011 to $15 bn by 2015 Mobile transactions represent 10% of e-commerce (a level similar to the rest of the world), but are set to reach close to 20% of transactions in the Middle East by 2015 UAE will continue to dominate the e-commerce sales in Middle East
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