​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

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.

Introduce the main regulations in the new e-commerce law and who are involved?

What are the impacts after applying the new law to customers, online business, society

and the national economy?

What are the benefits of the new regulations to both customers and e-commerce

business?

Conclude the essay with your opinion about the new e-commerce law.

Guidelines for the assignment:

✓ Make sure to include the cover page with all information required.

✓ This is an individual assignment, which is part from your course score. It requires effort,

search and critical thinking.

✓ Use font Times New Roman, Calibri or Arial.

✓ Use 1.5 or double line spacing with left Justify all paragraphs.

✓ Use the footer function to insert page number.

✓ Ensure that you follow the APA style in your assignment.

✓ Your word limit should be between 800 to 1000 words