Source: The National
Souq.com, the e-commerce platform Amazon bought for $580 million (Dh2.13 billion) last year, has opened a centre in Dubai that will create 600 jobs as the company continues to expand its footprint and sales in the Middle East.
The 23,000 square metre facility is the company’s third UAE fulfilment centre, which enables sellers to have a Souq store and ship their products to different customers, the company said in a statement on Monday.
“The increased fulfillment capacity also benefits our sellers, who comprise of thousands of small- and medium-sized businesses, by enabling them to scale up their businesses on our marketplace,” said Ronaldo Mouchawar, chief executive of Souq.
Souq is benefiting from the rise in online shopping in the UAE and the region as a whole. The Emirates is the fourth most prepared developing economy for e-commerce, according to a new index from the United Nations Conference on Trade and Development (Unctad).