Amazon Signs MoU With Monsha’at
Amazon signed a Memorandum of Understanding (MoU) with Monsha’at, Saudi Arabia’s General Authority for Small and Medium Enterprises, to enable independent businesses to sell their products to millions of customers across the kingdom on Amazon.sa. As part of the MoU, Amazon will work with Monsha’at to support small and medium-sized businesses (SMBs), and empower them […]
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Amazon signed a Memorandum of Understanding (MoU) with Monsha’at, Saudi Arabia’s General Authority for Small and Medium Enterprises, to enable independent businesses to sell their products to millions of customers across the kingdom on Amazon.sa.
As part of the MoU, Amazon will work with Monsha’at to support small and medium-sized businesses (SMBs), and empower them by leveraging Amazon’s logistics capabilities, tools, services, programs, and people.
More than 200,000 licensed retail entities in the Kingdom will be able to benefit from this initiative, which aims to host 40,000 small and medium businesses onto the Amazon.sa store by 2025 and provide them with online selling guidance, education, and support growth.
Amazon will offer eCommerce training material to the Monsha’at SMBs, with a focus on how to sell to customers through the Amazon Marketplace. Monsha’at sellers will also be showcased on a dedicated landing page and receive support from Amazon via seller support tools and access.
Monsha’at Governor Engineer Saleh Ibrahim Al-Rasheed said: “This MOU with Amazon will help bolster the success of Saudi Arabia’s small and medium sized enterprises, and will give 40,000 of them access to new opportunities and an additional potential source of income. This demonstrates how public-private partnerships can pave the way for businesses and entrepreneurs to succeed and thrive.”
Ronaldo Mouchawar, Vice President for Amazon MENA said: “At Amazon, independent sellers are a fundamental part of our customer-centric culture, and we remain absolutely committed to helping them reach more customers and pursue their entrepreneurial ambitions. Today, there are thousands of small and medium-sized businesses selling on Amazon.sa in the Kingdom and we are proud to be a part of their success.“
