Amazon makes entry in UAE by acquiring Souq.com


Amazon, the USA based e-commerce giant made its entry in UAE by acquiring Souq.com, the Middle East’s largest online retailer.

This agreement brings Amazon into a fast-growing market as it expands into a wide range of services. The deal’s specific value was not announced officially yet.
Souq.com, based in Dubai is the largest e-commerce platform in the Arab world offering more than 400,000 products such as consumer electronics, fashion products, and household goods.
Takeaways from above News-
  • Amazon acquired Souq.com
  • CEO of Amazon is Jeff Bezos
  • Amazon headquarter is in the United States of America
  • Souq.com headquarter is in Dubai, the United Arab Emirates
  • CEO of Souq.com is Ronaldo Mouchawar

 If you have any other takeaways, do share with us in the comment section
Source- Business Standard
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