mashroo3k Economic Consulting Company offers a comprehensive feasibility study for an electronic application specialized in brokerage services.
The application of business and brokerage services works as an intermediary between apartment, villa and house owners, and other individuals and companies that need rental services.
The business and brokerage services application provides real estate and residential unit rental services for individuals and companies, and also provides car rental services.
The brokerage business and services application is suitable for all smartphones, and displays its services in a simple and clear manner, knowing that rental services are available (by the day, week or month).
Executive Summary
Study of project services/products
Market size study.
Risk assessment study.
Technical study
Financial study.
Organizational and administrative study.
The e-commerce sector is one of the emerging modern sectors in the Kingdom of Saudi Arabia; The sector has grown significantly in recent years, especially after the announcement of the National Transformation Programs and the launch of Vision 2030. There is no doubt that e-commerce has become one of the main drivers of the global economy in general and the Saudi economy in particular; as the Kingdom is the largest market for this sector in the Middle East; the Internet usage rate on its land is 95.7%, and electronic payment operations for the retail sector and individuals accounted for 36% of the total available payment operations, including cash (by the end of July 2020). Because “Mashroo3k ” Economic Consulting and Market Research Company encourages its clients to invest in this vital sector, it would like to present to you the most important information and statistics available for it as follows:
E-commerce revenue is expected to reach $8.290 billion in 2024.
In 2019, the number of Internet users for e-commerce (buying or selling) in the Kingdom reached 23.7 million users and is expected to rise to 33.6 million users; an increase of 42%.
Clothing, shoes and sporting goods are the most popular items people buy online. These products accounted for 67% of all electronic goods. Cosmetics come in second place with 25.9%, followed by books and magazines with 24%, and then IT services with 16%. The rest of the goods share the remaining percentage.
With the spread of the coronavirus. The number of e-stores in the Kingdom increased by 12.4% to reach 28,676 stores (by the end of the first half of 2020), after the number did not exceed 25,501 stores in the fourth quarter of 2019.
These were the key indicators provided by Mashroo3k to its clients, enabling investors and entrepreneurs to start their e-commerce projects based on this data. Mashroo3k believes that the sector is promising due to the increasing consumerism and the high rates of young people using the internet and smartphones, making the sector and its projects a significant investment opportunity in the Kingdom.
