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Souq.com was the largest e-commerce platform in the Arab world. The company launched in 2005 in Dubai, United Arab Emirates. On March 28, 2017, Amazon.com Inc. acquired Souq.com for $580 million as a subsidiary. On May 1, 2019, Souq.com UAE became known as Amazon.ae, while on June 17, 2020, Souq.com KSA became known as Amazon.sa.
Amazon.ae brings together Souq’s local know-how and Amazon’s global expertise, something we believe will be of significant benefit to UAE customers. Our combined team in the region has grown to over 3,600 employees.
Established in 2005, Souq.com today operates both as an award-winning retail business and an online marketplace that allows SMEs, merchants, brands and distributors to distribute their products...
Souq has its headquarters in Dubai in the United Arab Emirates with commercial offices in Egypt, Saudi Arabia, and Kuwait and technical and development centers in Jordan and India. Souq operates as a subsidiary of Amazon as of May 12, 2017.
Souq will also work the company to develop joint marketing campaigns to promote cashless payments. Key Resources. Souq’s main resource is its proprietary software platform, which connects over 75,000 businesses with more than 10 million monthly visitors.
The largest e-commerce provider in the Middle East today, Souq operates in seven countries representing more than 135 million people—and it was recently acquired by Amazon.
Mar 28, 2017 · SOUQ.com is the largest online retail and marketplace platform in the Arab world, featuring more than 8.4 million products across 31 categories such as consumer electronics, fashion, health and beauty, household goods, and baby. Today, SOUQ.com attracts over 45 million visits per month, with localized operations in the KSA, UAE and Egypt.
May 1, 2019 · UAE customers who previously shopped on Souq can now shop on Amazon.ae by using the Amazon App or by visiting the Amazon.ae website. Amazon.ae features millions of local and international products, great prices, fast delivery, and world class customer service.
Apr 30, 2019 · Key Points. On Tuesday, Amazon announced the launch of a new marketplace targeting the Middle Eastern market. With the launch, Amazon said that it is rebranding Souq, the e-commerce company it...
Mar 22, 2017 · Amazon has agreed to buy Middle Eastern online retailer Souq.com in a deal worth more than $650m that will shake up the region’s small but fast-growing ecommerce sector.
