22/02/2015
The East Chamber Organize under the auspices of the region Amir next April
East Trade Forum 2015 discusses the retail and e-commerce sector in the Kingdom
President of the Board of Directors of the East Chamber Abdulrahman bin Saleh Alotaishan said that a group of specialists and a number of local economic experts in the commercial sector involved in the "East business forum sessions in 2015" through the work papers discussed the reality of the sector in the region.
Alotaishan said that the forum held by the Chamber sponsored by His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the region's main headquarters in Dammam will focus on two important factors in business activity in the kingdom (the retail sector, E-Trade in the Kingdom) the participants will review the global effects on the retail sectorin the kingdom and new trends in the sector, in addition to the challenges faces in the kindom.
Alotaishan also pointed that the forum will discuss the reality and prospects of e-commerce in the Kingdom and the achievements in this area by the owners of specialization and experience who will be presenting the reality of e-commerce and the advantages of international, regional and national trends and e-commerce organization and its legislation.
Alotaishan said that the retail sector is the backbone of the internal trade, has seen a steady growth over the past years, and faces many challenges that require that we stop for research and discussion to address these challenges.This is what will be the focus of discussions in this forum, which is organized by the Chamber of Commerce Committee.
On the e-commerce Alotaishan has explained that the present time is the age of information technology is no longer one of us does not deal with these techniques, which are run daily life in which, the commercial activity of the leading sectors that have interacted with this information mutations witnessed by the world.
It has been confirmed that the expected growth in the Saudi retail sector size at an annual rate of 7.8 percent until 2018, with the support of the power of earnings growth as a result of the expansion of in-store revenue growth and the strength of the existing shops and stability margins and the erosion of pressure changes in the labor market.
She also noted that there are expectations for foreign investment flows to the large Saudi market after the field open to foreign investors, which in turn contributed to raise the sector gains rate of 50 percent since the beginning of the year.The report explained that the retail sector will be the biggest beneficiaries given the strength of the macroeconomic outlook and rising disposable income and a growing population.
On the e-commerce expected specialists to check e-commerce sales numbers on the Internet in the Kingdom of SR 50 billion this year, a year to become the Kingdom of the most active in the field of electronic payments countries, stressing that the electronic trade volume between the companies beyond the billions annually, while not exceeding the size ofe-commerce-oriented companies to consumers about 100 million riyals only because of the newness of this type of online shopping in the UK, which have high growth rates up to 25% per annum.
