ECOM101 Saudi Electronic New E commerce Law in Saudi Arabia Questions 1- NO matching ratio, please.
2- Word limit should be between 800 to 1000 words
3- A “References” section listing all sources included. And ensure that you follow the APA style in your report.
4- Use Time New Roman font 12.
5- file should be saved as Word Doc. ECOM 101: E-COMMERCE
1st Semester (2019-2020)
Assignment # 2
New E-commerce Law in Saudi Arabia
Saudi Arabia’s cabinet passed the e-commerce law in July 2019 to regulate the
relationship between the parties in the sector in line with the growth of e-commerce in
the country. The new regulation comes as part of the e-commerce council’s
initiatives. The ministry of commerce and investment is looking to benefit from the
strong growth of e-commerce across the Kingdom under 39 initiatives to enhance
infrastructure, payment systems, postal and logistic services. It will also provide a
promising market for potential investments in the e-commerce sector. The Kingdom
is considered one of the 10 fastest-growing states in e-commerce around the world,
with a growth rate exceeding 32 percent per year. E-commerce is also one of the
pillars of the Kingdom’s Vision 2030 under the National Transformation Program and
a major contributor to its economy. Minister of Commerce and Investment Dr. Majid
al-Qasabi said: “The e-commerce law bolsters the economy’s position and ability to
keep pace with all the world’s changes and modern trading patterns”.
Requirements:
In this assignment you need to prepare essay about the new e-commerce law in Saudi
Arabia.
1- Introduce the main regulations in the new e-commerce law and who are involved?
2-What are the impacts after applying the new law to customers, online business, society and
the national economy?
3-What are the benefits of the new regulations to both customers and e-commerce business?
4-Conclude the essay with your opinion about the new e-commerce law.
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