Saudi Arabia Unveils 10 Initiatives to Develop Online Stores

Saudi Arabia supports the development of an integrated e-commerce environment by finding solutions to the current challenges. (Asharq Al-Awsat)
Saudi Arabia supports the development of an integrated e-commerce environment by finding solutions to the current challenges. (Asharq Al-Awsat)
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Saudi Arabia Unveils 10 Initiatives to Develop Online Stores

Saudi Arabia supports the development of an integrated e-commerce environment by finding solutions to the current challenges. (Asharq Al-Awsat)
Saudi Arabia supports the development of an integrated e-commerce environment by finding solutions to the current challenges. (Asharq Al-Awsat)

The Saudi Ministry of Commerce announced on Wednesday 10 initiatives to develop the sector of electronic stores, based on the results of a survey that measured consumer satisfaction with the performance of e-commerce in the Kingdom.

The study, which surveyed more than 6,000 people, highlighted four main challenges facing consumers, namely: lack of clarity of warranty and maintenance policies, failure to deliver to some areas, delay in resolving complaints, and a slow refund process.

Based on the results of the questionnaire, the ministry approved 10 initiatives to develop the work of e-commerce, mainly requesting e-stores to provide a purchase invoice with all information related to the warranty, communicating with the product agent, and gradually expanding the geographical coverage of delivery, to include the various regions of the Kingdom.

The ministry also decided to work on diversifying shipping and delivery options, in order to ensure that shipments are not delayed, requesting online stores to provide various payment solutions such as Mada card and credit cards, and providing technical systems for managing and following up on refunds, in addition to facilitating procedures for orders cancellation.

The Ministry of Commerce emphasized that it was working, in partnership with electronic stores, to implement the initiatives, in order to improve the services provided by the sector and raise consumer satisfaction and confidence.

In parallel, the Federation of Saudi Chambers launched a plan that seeks to enhance communication among the Chambers of Commerce, unify efforts and exchange expertise in a way that contributes to maximizing the benefit, improve the business environment, empower the private sector in various regions of the country, and raise the quality of economic research.

The initiative comes within the framework of the Federation’s endeavor to strengthen the role of the private sector institutional bodies in serving the business community and the national economy, raising the quality of products and outputs, and improving the level of performance to enhance the private sector’s contribution to the goals of the Kingdom’s Vision 2030.

Meanwhile, the Riyadh Chamber, represented by the Commercial Centers Committee, signed a memorandum of understanding with the Middle East Council of Shopping Centers, to enhance joint cooperation, train Saudi cadres and promote localization programs in the retail sector.

The council will host training courses and provide the necessary materials to prepare specialized cadres in the Saudi retail industry.



IMF Says Ready to Support Syria Reconstruction when Conditions Allow

A drone view shows al-Yarmouk Palestinian refugee camp, after Syria's Bashar al-Assad was ousted, in Damascus, Syria, December 19, 2024. REUTERS/Zohra Bensemra
A drone view shows al-Yarmouk Palestinian refugee camp, after Syria's Bashar al-Assad was ousted, in Damascus, Syria, December 19, 2024. REUTERS/Zohra Bensemra
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IMF Says Ready to Support Syria Reconstruction when Conditions Allow

A drone view shows al-Yarmouk Palestinian refugee camp, after Syria's Bashar al-Assad was ousted, in Damascus, Syria, December 19, 2024. REUTERS/Zohra Bensemra
A drone view shows al-Yarmouk Palestinian refugee camp, after Syria's Bashar al-Assad was ousted, in Damascus, Syria, December 19, 2024. REUTERS/Zohra Bensemra

The International Monetary Fund stands ready to assist Syria's reconstruction alongside the international community, but the situation on the ground remains fluid, IMF spokesperson Julie Kozack said on Thursday.
Kozack told a regular press briefing that the IMF has had no meaningful contact with Syrian authorities since an economic consultation in 2009, Reuters reported.
"It's too early to make an economic assessment. We are closely monitoring the situation, and we stand ready to support the international community's efforts to assist serious reconstruction as needed and when conditions allow," Kozack said.
Less than two weeks after Syrian opposition fighters toppled Bashar al-Assad's regime and seized control of the capital Damascus, Kozack said that the emerging Syrian authorities face many difficulties after 13 years of civil war.
"The Syrian people have suffered for far too long. We hope that the country can now begin to address its deep humanitarian, social and economic challenges, and to begin the rehabilitation of the Syrian economy," Kozack said.

Kozack also said that the IMF Executive Board will meet on Friday to consider approval of a $1.1 billion disbursement to Ukraine from the IMF's $15.6 billion loan program to the war torn country.

The disbursement, part of the sixth review of the four-year Ukraine loan, would bring total program disbursements to $9.8 billion, with about $2.7 billion available for 2025, Kozack added.