Page 76 - SAMENA Trends - May-June 2023

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

Saudi Arabia Records Over 32pc Growth in E-Commerce in Q1

The e-commerce industry in the Kingdom of The growth of the e-commerce business electronic payment, digital marketing, and
Saudi Arabia has shown remarkable growth, system is one of the objectives of the technical solutions services. These entities
with an annual increase of over 32% during National Transformation Program, which also provide services related to electronic
the first quarter of 2023. According to the supports the realization of Saudi Arabia's markets, logistical solutions, and platforms
Ministry of Commerce's business bulletin, Vision 2030. As one of the top 10 growing for developing electronic stores, stated the
the number of commercial registers issued countries in the e-commerce field, with a report. Saudi E-Commerce Council of the
during this period soared to 4,093 from growth rate of 17% in Q1 2023, the Kingdom Ministry of Commerce aims to strengthen
last year's figure of 3,499. The bulletin recognizes the importance of e-commerce the reliability of e-commerce, boost its
stated that Riyadh had issued the most in enhancing the national economy, contributions to the national economy,
commercial registers at 13,195, followed by reported SPA. The Saudi e-commerce and stimulate and develop e-commerce
Makkah with 8,605, and the Eastern Region system supports entrepreneurs willing activities in the kingdom, it added.
with 5,294. Madinah and Al-Qassim issued to transition from regular trade to
1,649 and 1,107 registers, respectively. e-commerce through entities that offer

TRA Bahrain Hosted Global 6G Summit in Bahrain

The Telecommunications Regulatory
Authority (TRA) hosted the Global 6G Summit
on May 3-4 in Bahrain. The hybrid format
event brought together representatives
from the telecommunications sector and
related industries, as well as decision-
makers from around the world. The event
offered a platform for exploring the most
recent developments in Next-Gen mobile
communications. Attendees exchanged
knowledge, ideas, and best practices
aimed at furthering the evolution of this
advanced technology. This international
gathering of communication experts
highlighted Bahrain's industry leadership
and commitment to innovation. Leading
industry professionals from Bahrain, the
United Arab Emirates, Jordan, Thailand,
China, Europe, the United Kingdom, and
Canada, among others, delivered panel
discussions and keynote addresses. The
event focused on a variety of topics related
to 6G network technologies, including
research and coordination of 6G standards,
the economic potential of 6G, and the
promotion of a more sustainable future
through 6G adoption. These advanced
technologies contribute significantly to
digital economic growth and drive digital
transformation across all industries.
Moreover, they support the development of
cutting-edge technologies, such as Artificial
Intelligence and other modern innovations.

76 MAY-JUNE 2023