Dubai, UAE, May 28, 2017- The number
of online shoppers in the Middle East and North Africa (MENA) region is growing
exponentially, bringing the regional e-commerce market to unprecedented
expansion. The Middle East’s e-commerce sector, in particular, has skyrocketed
by 1,500 per cent over the last 10 years due mainly to its young demographics
with high disposable income and high internet penetration rate. Leading this
climb is the GCC market, which, as per AT Kearney, is expected to be valued at USD
20 billion by 2020.
The upward trend is projected to continue
in 2017. According to the latest market estimates by MyUS, the leading
facilitator for MENA consumers who want to purchase US merchandise online, the regional
market’s total value is forecasted 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. Excluding non-US direct retailers or spending on hospitality
and e-services, the same report shows that American direct retailers have
accounted for the largest percentage in the region’s e-commerce market over the
recent years.
Ramesh Bulusu, MyUS Chief Executive
Officer, said: “The Middle East, and the GCC region in particular, is expected
to see continued aggressive e-commerce growth in the coming years, so it’s
natural that many local and regional businesses are looking for ways to help
their customers have access to American online retailers. This is where we can
help – our expertise in logistics and shipping hundreds of thousands of
packages from the US to the region makes us a perfect partner for these local
and regional players.”
MyUS is the number one consumer rated
American shipping firm that lets international businesses and consumers shop
virtually any US website and receive their packages in as fast as 2-4 days.
They serve members in 220 countries and territories, including Saudi Arabia, Egypt,
Bahrain, Kuwait, Lebanon, Qatar, and the UAE. Boasting over 400,000 registered
members, MyUS provides a simple, reliable way to shop online and ship purchases
overseas in a cost-efficient manner. In effect, it offers Arab shoppers virtual
access to US retail stores, even from American brands that do not yet ship
internationally.
MyUS reaffirmed that GCC states will
particularly enjoy stronger e-commerce industry growth given its vibrant
economic fundamentals. It added that the increasing preference of their young
population with high disposable income to shop online is a great game changer
and influencer in the market’s steady development in the coming years.
Aside from serving the Middle East region,
MyUS also serves key international markets throughout Europe, Asia, and Africa.
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