JEDDAH: The Saudi Social Development Bank (SDB) on Monday signed cooperation agreements with technology companies to help family businesses join the country’s booming e-commerce sector.
The agreements, which were signed in Riyadh, will help families set up and manage their own online stores.
With the pandemic rapidly accelerating the already fast-growing adoption of online shopping in Saudi Arabia, the initiative offers families the infrastructure to adjust and grow in the virtual market.
According to research from global Amazon agency and marketplace consultancy Podean, half of the Kingdom’s consumers shop online at least every week.
Around 24 percent of those surveyed by Podean said they shopped online two to three times a…