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The economy of Saudi Arabia is one of the top twenty economies in the world; the largest economy in the Arab world and the Middle East. GDP in Saudi Arabia is expected to reach 790.00 USD Billion by the end of 2021.
The Saudi Arabia retail industry is dominated by mass-market players. The overall retail industry in Saudi Arabia is forecast to grow at a CAGR of 4.5% till 2025 to reach SAR 331.6 bn. Food, Hypermarkets, Supermarkets & Grocery sector is the dominating sector valued at SAR 202.7 Bn
As per records of the Central Bank of Saudi Arabia (SAMA), Saudi Arabia counts for more than 2.2 billion Point of Sale (POS) transactions, valued at over 227 billion riyals during H1 of 2021. Results also suggest an overall increase of 310% in payment transactions via smart devices, with over 724 million transactions in H1 2021, representing over 34% of all NFC transactions at POS terminals.
This growing usage of smart devices & digital payments establishes the fact that the market in Saudi Arabia is moving towards digitalization. Marg ERP has been working in the Retail sector in Saudi Arabia for over a decade. We understand the growing market in Saudi Arabia, therefore we deliver IT services to simplify the business operations of the retail sector. With a combined experience of more than 29 years, we are one of the most trusted ERP solution providers in Suadi Arabia for retail & distribution stores.
Contact our Partner in Saudi Arabia for any requirement of Pharmacy Software, Accounting Software, Billing Software, or Wholesale eCommerce.
Al Mishrefa Dist Azizia Jeddah Saudi Arabia - 21443