Maximize your media exposure with our single PR package
Amazon to help develop Saudi Arabia's e-com sector
19 Mar 22 1 min read
Saudi Arabia's ministry of investment recently signed a memorandum of understanding (MoU) with Amazon to develop the kingdom's e-commerce sector. The deal is part of the government's efforts to build domestic capabilities and attract sustainable investment practices to Saudi Arabia, the ministry said on Twitter.
The deal was signed in the presence of Saudi investment minister Khaled Al-Falih and Amazon vice president for Middle East and North Africa Ronaldo Mouchawar.
Amazon penetrated Saudi Arabia after acquiring Dubai-based marketplace Souq.com. In 2020, it rolled out a website, which is a re-branding for Souq.com customers in Saudi Arabia.
Advertisement
Fibre2Fashion News Desk (KD)
Related News
- Amazon launches new online store in South Africa
- US firm Beyond sees 27% surge in orders delivered in Q1 FY24
- Turkiye to work with Germany to reach $60-bn bilateral trade target
- Foreign investment in Bangladesh declines in 2023: Reports
- Indian, Aussie trade bodies working to double bilateral trade in 5 yrs
- Germany's Otto Group welcomes Boris Ewenstein to management board
Popular News
|
|
Unisex apparel dominates Vietnamese exports to Singapore |
|
|
Techtextil & Texprocess 2024 highlight future of textile processing |
|
|
ICE cotton dips further, poor sales drag prices down |
|
|
Bangladesh 3rd largest apparel supplier for Malaysia this year |
|
|
EU Council adopts order to delay sustainability reporting obligations |
|
|
India raises duty drawback rates for linen from cotton, blended fibre |
