E-Commerce In Saudi Arabia

E-Commerce in Saudi Arabia
by: Saltan Alhammas
English Writing

One of the closely profound changes authorizedly transpiring in the world of contrast is the introduction of Electronic Commerce (E-Commerce). The impact of E-Commerce on procurement, shopping, parentage collaboration, and customer services as well as on delivery of various services is so dramatic that near every organization is affected. Besides, as E-Commerce is changing all craft functional areas and their important tasks, ranging from advertising to paying bills, the nature of aspiration has also changed due to new online companies, new business models and the variation of E-Commerce related products and services. This objective of this paper is to find out the current situation of E-Commerce in Saudi Arabia and to analyze the E-Payment system in Saudi Arabia, global barriers in effecting E-Payment system for E-Commerce. Before analyzing the current situation of E-Commerce in Saudi Arabia, I would like to pass along a brief summary about the political, economic, social and proficient environment of Saudi Arabia.
Saudi Arabia has an oil based prudence with strong government controls over major economic activities. It possesses more(prenominal) than 20% of the worlds proven petroleum reserves.



It non only ranks as the astronomicst exporter of petroleum, but also plays a star role in OPEC. The petroleum sector accounts for roughly 75% of budget revenues, 45% of GDP, and 90% of export earnings. It is believed that about 40% of GDP comes from the secluded sector and roughly 5.5 million immaterial workers play an important role in the Saudi economy, particularly in the oil and service sectors.
Saudi Arabias unemployment is high, and the large youth population generally lacks the education and technical skills the private sector needs. As part of its effort to attract remote investment and diversify the economy, Saudi Arabia acceded to the WTO in December 2005 after many years of negotiations. The government has...If you want to get a full essay, order it on our website: Orderessay



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