According to recent Bain & Company reports e-commerce in Saudi Arabia is now accounting for 14% of retail sales.
This is higher than the previous estimates made by Bain & Company because this time around the research included almost SAR20Bn of GMV from SME merchants on platforms like Salla. Note that SAMA reports that MADA for ecommerce account for 12% of total consumer spend but the scope differs as SAMA considers all consumer expenditures, not only retail. But the most interesting insight is the fact that e-commerce accounted for 85% of total retail growth.
Considering the large pipeline of shopping malls under development in the Kingdom, the researchers are trying to understand whether this will bring down the growth of the online courtesy the start of a new infux of retail stores or will it help the parallel growth of both sectors?
Over the years, we’ve learned that experience and content are imperative to selling coffee. Each of our coffee is designed locally highlighting culturally important aspects. Today, we grow around 1,000 tons of coffee annually in Saudi Arabia. Our coffee is organically grown, a variety that’s registered in the United Nations as an intangible asset. And we’ve taken this to another level with our new range of fruit-infused coffee.” Osamah Alawwam Co-Founder, Roasting House.
We’re not in the restaurant business. We’re in the people business. Having worked with Starbucks and now working with one of the largest F&B operators in Saudi Arabia with more than 500 restaurants alone in the Kingdom, the principle remains the same – a people-frst approach. Starting from the head offce, it cascades down to the restaurants that we operate. That’s our secret recipe”. Faisal Younes Chief Executive Offcer – F&B, Cenomi Retail.
