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