About this event
CABC, in partnership with the Toronto Region Board of Trade, Trade Commissioner Service and the Ontario Government, is hosting a Virtual Trade Mission supporting e-commerce companies to access the potential of the Gulf Region’s vast digital consumer market. A call out to Canadian brands to register for this unique opportunity to connect with the best-in-class subject matter experts and one-on-one meetings with industry buyers and partners.
Please note that this event is free of charge for pre-selected companies.
To view the Virtual Trade Mission Flyer, please click HERE
E-commerce in the region has seen a jump in market value from $5 billion in 2015 to a projected $21 billion by the end of 2020. The GCC is a political economic alliance and common market that eases the movement of goods and services amongst citizens. This enhances opportunities for Canadian firms selling to the region—for example, selling to the UAE allows access to the Saudi Arabian market and vice versa.
Saudi Arabia is the largest market in the region with a population of 34.3 million and a GDP of $782 billion which accounts for 47% of the region. The total value of the e-commerce market for consumer goods was estimated at $6.31 billion in 2020, a 28% increase over the previous year. 64% of Saudis now report buying a product or service online every month.