In January we released a set of 5 predictions for ecommerce in the Arab World, one of which was that either the UAE or KSA would draft an ecommerce law.
It’s been just a few weeks and we’ve already had our first prediction come true as the Saudi Ministry of Commerce and Industry has announced a draft of an ecommerce bill. One prediction down, four to go!
This marks an important step for the growth of the digital economy here. At Payfort we believe that governments must step in to foster trust in ecommerce and we need similar laws in the UAE and other Arab nations.
Check out our infographic below to see how the law will work and what it means for ecommerce in Saudi Arabia and the Arab world.
[yellowbox]Exclusive Bonus: Download the Infographic as a High Quality PDF.[/yellowbox] Download the Infographic To read the draft of the law in full visit http://www.mci.gov.sa/ Do you do business in KSA? How will this law affect how your run your site? Let us know in the comments! Download the Infographic
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