Type of site Private Industry Internet Alexa rank 433 (February 2016) Founded 2005 Headquarters Dubai Parent organization Jabbar Internet Group | Area served Middle East Website www.souq.com Founder Ronaldo Mouchawar CEO Ronaldo Mouchawar (2005–) Number of employees 2,500 | |
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Services E-commerce
(Online shopping) Profiles | ||
Techwadi souq com in silicon valley
Souq.com is an English-Arabic language e-commerce platform, often described as the Amazon of the Middle East. It is the largest e-commerce platform in the Arab world. Souq.com attracts over 24 million unique visits per month and is fast growing as more consumers shop online in the Arab world. The website was founded by Ronaldo Mouchawar in 2005 as an auction site linked to internet portal Maktoob. In 2011 Souq.com changed its model to an online shopping site similar to Amazon with a marketplace and retail items for sale on its platform. As of 2014, Souq.com had raised $150 million, the largest amount raised by any internet-based business in the Middle East. The company is backed by Tiger Global Management.
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The site currently delivers to the United Arab Emirates, Saudi Arabia, Kuwait, Egypt, Bahrain, Oman, and Qatar. It has semi-automated modern fulfillment centers in the United Arab Emirates, Saudi Arabia, Kuwait, and Egypt, measuring a total of 35,000 square meters. The company currently employs around 2,500 employees in engineering, retail, customer support, fulfillment and last mile delivery sections .