Technical Study
Laundry app is an electronic project that aims to make the process of washing clothes a comfortable and easy experience. The app provides a comprehensive service such as washing, cleaning, drying, and ironing. Customers can select their preferred service and schedule convenient pickup and delivery times, whether from their residences or workplaces. Mashroo3k for Economic Consulting Company confirms the feasibility and the viability of the project due to the high volume of demand for the project’s services and advantages in the application that meet the needs of customers, such as saving time and effort and the possibility of rapid spread and expansion.
Laundromat App is an electronic project that aims to make the process of washing clothes a comfortable and easy experience. The app provides a comprehensive service such as washing, cleaning, drying, and ironing. Customers can select their preferred service and schedule convenient pickup and delivery times, whether from their residences or workplaces. Mashroo3k for Economic Consulting Company confirms the feasibility and the viability of the project due to the high volume of demand for the project’s services and advantages in the application that meet the needs of customers, such as saving time and effort and the possibility of rapid spread and expansion.
Mashroo3k for Economic Consulting Company provides a feasibility study for the Laundromat App based on the latest international standards. Our services are characterized by methodology, comprehensiveness, connectivity, and the ability to anticipate the future due to our massive database that covers all the markets in the Middle East, as we have a team of consultants with extensive experience, competence, and professionalism.
Executive Summary
Project Service/Product Study
Market Size Study
Study of Risks
Financial Study
Organizational and Administrative Study
The e-commerce sector is one of the emerging industries in Saudi Arabia, having grown significantly in recent years, especially after the launch of the National Transformation Program and Vision 2030. E-commerce has become a key driver of the global economy in general and the Saudi economy in particular, with the Kingdom being the largest market for this sector in the Middle East. The internet penetration rate in Saudi Arabia is 95.7%, and by the end of July 2020, electronic payments accounted for 36% of total retail and personal transactions, including cash payments.
Mashroo3k Economic Consultancy encourages its clients to invest in this vital sector and presents the following key information and statistics:
Mashroo3k Economic Consultancy has provided key indicators for its clients to help investors and entrepreneurs launch their e-commerce projects based on reliable data and figures. The company views the e-commerce sector as promising due to the rising consumer demand and the high percentage of young people using the internet and smartphones, making this sector and its projects a significant investment opportunity in Saudi Arabia.
It is expected that global e-commerce revenues will reach $8,290 billion in 2024. In 2019, the number of internet users engaging in e-commerce (buying or selling) in Saudi Arabia reached 23.7 million and is projected to increase by 42% to 33.6 million users.
Clothing, footwear, and sports goods are the most purchased items online, accounting for 67% of total e-commerce sales. Cosmetics come second at 25.9%, followed by books and magazines at 24%, and IT services at 16%. Other products share the remaining percentage.
The COVID-19 pandemic led to a 12.4% increase in the number of e-stores in Saudi Arabia, rising from 25,501 stores in Q4 2019 to 28,676 stores by mid-2020.
