Amazon ecommerce is booming in Qatar
A new report says the ecommerce giant is doing a lot better in the Arab world than it did a year ago.
The report from the International Business Times, a UK-based trade publication, says Amazon’s sales have risen in the Gulf state by about 35% in the last year and that its sales in Qatar have increased by about 40%.
The study, conducted by a team from London-based consultancy McKinsey, is based on an analysis of Amazon’s online sales in the region, where it is based.
The report also notes that Amazon has been doing well in the US, where sales have been rising and its sales are growing faster than in the rest of the world.””
In other words, it’s not surprising that the growth rate of Amazon in the Arabian peninsula is much faster than the world average.”
The report also notes that Amazon has been doing well in the US, where sales have been rising and its sales are growing faster than in the rest of the world.
“Amazon has done well in some of the US states, like New York, Pennsylvania and California, while other states like Alabama and Texas have been doing even better, according to McKinsey’s report,” said McKinley’s director of research and strategy, Mike Laughlin.
“The US also appears to have a relatively large presence in the Middle East and North Africa, and has a strong presence in Asia, the region with the highest proportion of Amazon e-commerce in the top 10 countries.”
Amazon is a huge company in the Muslim world, accounting for nearly half of all global e-tailers.
The Middle East, a region with large numbers of expats, is the world’s third-largest e-retailer after the US and China.
“Amazon’s presence in Egypt and Qatar is strong in both markets,” said Laughlin, adding that Amazon also has strong relationships with both countries.
Amazon said it would continue to expand its presence in Qatar, adding in a statement: “Our focus on e-Commerce has been consistent with the long-term plans of Amazon to invest more in the country.”
It has also recently started building a shopping mall in Qatar.
The UAE has also seen growth in the sale of online merchandise, with sales up more than 50% from a year earlier.