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.
Assignment Guidelines: ▪ This assignment is an individual assignment. ▪ All students are encouraged to use their own word. It requires effort, search and critical thinking. ▪ Your Assignment must include: ▪ A cover page that contains the following: ▪ Student name, Student ID and CRN ▪ A “References” section listing all sources included. And ensure that you follow the APA style in your report. ▪ A mark of zero will be given for any submission that includes copying from other resource without referencing it. ▪ Your word limit should be between 800 to 1000 words. ▪ Assignment must be in Word format only no PDF. ▪ Your file should be saved as Word Doc.
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