September 25, 2017

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Amazon completes Souq.com acquisition

by Stuart Wilson, Monday 3 July 2017

Souq.com CEO and co-founder Ronaldo Mouchawar
Souq.com CEO and co-founder Ronaldo Mouchawar

E-commerce giant Amazon has confirmed the official completion of the acquisition of Souq.com. As the first step of integration, customers can now log on to Souq.com using their Amazon credentials. Souq.com claims that by becoming part of Amazon it can bring even more products and services to customers in the region and further expand ‘Fulfilled by Souq’ to empower sellers. "It is an exhilarating time for the e-commerce industry in the region,” said Souq.com CEO and co-founder Ronaldo Mouchawar.

“Together with Amazon, our goal is to offer our customers the widest product selection, great prices, improved delivery times and first-rate customer service. Integration of Amazon’s technology and global resources with our local expertise will help us to offer a great service to our loyal customers,” he added.

Russ Grandinetti, Amazon senior VP, international consumer, added: “We are excited to be able to provide our customers in the Middle East with the benefit of easy access to Souq.com using their Amazon credentials. We are working to quickly integrate Souq.com and Amazon capabilities, in terms of both customer experience and fulfilment, to provide an ever-improving shopping experience for customers in the Middle East.”

Souq.com is the largest online retail and marketplace website in the Arab world, featuring more than 8.4 million products across 31 categories such as consumer electronics, fashion, health and beauty, household goods, and baby. Today, Souq.com attracts over 45 million visits per month, with localised operations in the KSA, UAE and Egypt.

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