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Amazon to buy Middle Eastern online retailer Souq.com: report

Amazon to buy Middle Eastern online retailer Souq.com: report

Thursday, March 23, 2017, 7:47 AM

Amazon.com Inc. has agreed in principle to buy Dubai-based Internet retailer Souq.com, one of the best-known names in Middle East’s online shopping market. Souq.com, which sells consumer electronics, fashion, household items and other goods, lays claim on its website to being the largest e-commerce site in the Arab world. For Amazon, Souq.com offers expertise and foothold in a region where e-commerce is expanding quickly.
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