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MENA e-commerce Market Value Seen to top USD 6.7 billion in 2017

  • MENA e-commerce Market Value Seen to top USD 6.7 billion in 2017

MENA e-commerce Market Value Seen to top USD 6.7 billion in 2017

The number of on the online shoppers in the Middle East and North Africa (MENA) region is growing tremendously, bringing the regional ecommerce market to unprecedented development. The Middle East's shopping market, specifically, has actually skyrocketed by 1,500 percent over the last One Decade due primarily to its young demographics with high non reusable revenue and high internet infiltration rate. Leading this climb is the GCC market, which, based on AT Kearney, is expected to be valued at USD 20 billion by 2020.

The upward trend is projected to proceed in 2017. According to the most up to date market quotes by MyUS, the leading facilitator for MENA consumers who want to purchase United States product online, the regional market's overall worth is anticipated to hit the USD 6.7-billion mark this year, up from USD 4.8 billion the previous year. The industry stood at USD 3.8 billion in 2015. Omitting non-US straight sellers or costs on hospitality and e-services, the very same report shows that American direct retailers have made up the largest percent in the region's shopping market over the recent years.

Ramesh Bulusu, MyUS Chief Executive Officer, said: "The Middle East, and the GCC region in particular, is anticipated to see continued hostile shopping growth in the years to coming, so it's all-natural that several local and regional services are trying to find means to assist their customers have access to American online sellers. This is where we can assist - our know-how in logistics and shipping numerous thousands of packages from the United States to the region makes us a perfect partner for these local and regional players."

MyUS is the leading customer rated American shipping firm that lets worldwide organisations and consumers shop basically any type of US web site and get their plans in as fast as 2-4 days. They serve members in 220 countries and areas, including Saudi Arabia, Egypt, Bahrain, Kuwait, Lebanon, Qatar, and the UAE. Flaunting over 400,000 registered members, MyUS offers a simple, reputable means to go shopping online and ship acquisitions overseas in an inexpensive fashion. Basically, it supplies Arab customers digital access to US stores, even from American brand names that do not yet deliver internationally.

MyUS declared that GCC states will particularly delight in more powerful ecommerce industry development offered its vivid economic fundamentals. It included that the enhancing choice of their young populace with high disposable earnings to go shopping online is a wonderful game changer and influencer out there's consistent development in the years to coming.

Besides serving the Middle East region, MyUS additionally serves key global markets throughout Europe, Asia, and Africa.