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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. [2] On March 28, 2017, Amazon.com Inc. acquired Souq.com for $580 million as a subsidiary. [3] [4] On May 1, 2019, Souq.com UAE became known as Amazon.ae, [5] 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.
Souq.com is an Amazon Company, the largest e-commerce site in the Arab world. Every month, Souq.com attracts over 45million customers keen to discover our catalogue which includes more than 9.5 million unique products in 35 different categories.
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...
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.
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. When we founded...
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.
Mar 28, 2017 · Amazon has confirmed its deal to purchase Emirati e-commerce site Souq.com, in a move that will make it the Middle East’s largest ecommerce platform.
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 28, 2017 · Amazon purchased the Middle East 's biggest online retailer Souq.com on Tuesday for an undisclosed amount, a day after a state-backed firm disclosed an $800 million counteroffer.
