Why Noon has signed pact with eBay?

14 Jun 2018

Dubai: United Arab Emirates’ e-commerce marketplace Noon signed the pact with California’s eBay seeking to beat Amazon backed Souq.com. Both e-commerce ventures inked the deal on Tuesday, aiming to bring US products to UAE and KSA. PlugnPoint is also an online shopping website and retailer. You will find all the latest products and the best prices for them here.

As per pact, from the second half of 2018, customers from the UAE and Saudi Arabia will have access to the products from the US and other parts of the globe. eBay powered Noon app will be launched soon for this purpose. Customers could also access eBay products through their smartphones and desktops. The pact will prove a vital step to join the region with global e-commerce.

“We are offering our customers access to products that are not otherwise readily available in the region," said Mohamed Alabbar, the founder of Noon.

Doorstep delivery of products in UAE and KSA:

The company stated that as the part of the partnership Noon will comply all eBay orders which will be made on the site of the former. The company will ensure the doorstep delivery of overseas products in UAE and KSA.

Based on the terms and conditions, customers can easily return the foreign products with a full refund option purchased from noon.Both noon and eBay will explore joint opportunities in marketing, know-how, and the best practices to influence the rapid growth of online shopping in the Middle East. And if you are looking for online shopping in the Middle East you can visit PlugnPoint and choose your favorite brand and start shopping.

The company further stated that the partnership will bring a whole new shopping experience for online shopping fans. “E-commerce continuously evolves, and this partnership guarantees noon stays on top of the trends and consumer preferences,” Alabbar added.

Why Noon is billion-dollar e-commerce industry?

The pact follows the acquisition of Souq by US e-commerce tycoon Amazon in December 2017. The venture allowed customers to buy millions of Amazon items. The site enables them whether to browse in English or Arabic and pay in AED.

Noon is a billion-dollar e-commerce project founded by Mr. Mohammed Alabbar, the founder of Dubai-based developer Emaar Properties. The platform was announced last year. It is a joint venture between Alabbar and Saudi Arabia's Public Investment Fund (PIF).

It is a rapidly emerging online brand in UAE, which aims to provide customers a colossal assortment of home, electronics, fashion, beauty, grocery and kid products. Its recent pact with US giant will allow customers to buy global products at the best price with easy home delivery. The step will also help UAE to reach the expected value of $20 billion e-commerce by 2020.