e-commerce assignment

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Saudi Arabia’s cabinet passed the e-commerce law in July 2019 to regulate the relationship
between the parties in the sector in line with the growth of e-commerce in the country. The new
regulation comes as part of the e-commerce council’s initiatives.

The ministry of commerce and investment is looking to benefit from the strong growth of e-
commerce across the Kingdom under 39 initiatives to enhance infrastructure, payment systems,
postal and logistic services. It will also provide a promising market for potential investments in
the e-commerce sector.

The Kingdom is considered one of the 10 fastest-growing states in e-commerce around the
world, with a growth rate exceeding 32 percent per year. E-commerce is also one of the pillars of
the Kingdom’s Vision 2030 under the National Transformation Program and a major contributor
to its economy.

Minister of Commerce and Investment Dr. Majid al-Qasabi said “The e-commerce law bolsters
the economy’s position and ability to keep pace with all the world’s changes and modern trading
patterns”

In this assignment you need to prepare essay about the new e-commerce law in Saudi Arabia.

  • Introduce the main regulations in the new e-commerce law and who are involved?
  • What are the impacts after applying the new law to customers, online business, society
    and the national economy?
  • What are the benefits of the new regulations to both customers and e-commerce
    business?
  • Conclude the essay with your opinion about the new e-commerce law.
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