E-commerce to hit $20b in Gulf Cooperation Council (GCC) by 2020

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According to a report by global consultancy AT Kearney, the e-commerce market in the Gulf Cooperation Council (GCC) countries is expected to grow to $20 billion (Dh73.4 billion) by 2020 from $5.3 billion in 2015, as online shopping grows in the region. In its ‘Getting in on the GCC e-commerce Game’ report, AT Kearney stated that e-commerce contributes about 0.4 per cent to the region’s gross domestic product (GDP). In addition, 34 per cent of major GCC retailers have an e-commerce presence.