The impact of Implementing Electronic Commerce Law On Saudi GDP

Abstract

The research dealt with the dimensions of e-commerce and a study of the extent of its impact on the domestic product and the Saudi financial and economic situation. The provisions of the law governing e-commerce No. (M / 126) issued on 7/11/1440 hj. were also studied. The study concluded that: E-commerce is a means Important to contribute to the advancement of the state's financial and economic situation through its impact on the two sides of the market: demand and supply, which in turn lead to growth and increased production, in two ways: The first was to increase the production of the current producers in the markets - and the second: was to increase the number of producers in the markets, The research recommended: that states pay attention to supporting e-commerce, work to develop it, provide its components, and set appropriate and regulating laws for it.