Saudi Arabia Signs Deal With Amazon For eCommerce Development

Saudi Arabia’s Ministry of Investment has entered a deal with US retail giant Amazon to develop the kingdom’s eCommerce sector. The memorandum of understanding (MoU), signed on Tuesday, is also part of the government’s efforts to build local capabilities and attract sustainable investment practices to Saudi Arabia, the ministry said on Twitter. The ministry did […]

Staff Writer

Topics

  • What to Read Next

    1. GumGum Integrates Playground xyz

    2. Havas Red PH Debuts SWAY

    3. ADA Debuts AI Copilot Suite

    4. Endava Unveils Insights on Retail Banking

    • Saudi Arabia’s Ministry of Investment has entered a deal with US retail giant Amazon to develop the kingdom’s eCommerce sector.

    The memorandum of understanding (MoU), signed on Tuesday, is also part of the government’s efforts to build local capabilities and attract sustainable investment practices to Saudi Arabia, the ministry said on Twitter.

    The ministry did not provide more details of the agreement, which was signed in the presence of Saudi Investment Minister Khaled Al-Falih and Amazon Vice President for MENA Ronaldo Mouchawar.

    Amazon established its presence in Saudi Arabia after the acquisition of Dubai-based marketplace Souq.com. In 2020, Amazon rolled out a website, which is a re-branding for Souq.com customers in the kingdom.

    Topics

    About the Author

    The Martechvibe team works with a staff of in-house writers, and industry experts.
    View More

    Tags:

    More Like This