Dubai PR Network, Online Press Release from Dubai and Middle East
 
Money, Business & Investments(Banking & Investments)
Filter PR by
  
Noon invests in building a new era of Saudi youth entrepreneurship in partnership with the Public Investment Fund, says Alabbar
 
Noon invests in building a new era of Saudi youth entrepreneurship in partnership with the Public Investment Fund, says Alabbar

Riyadh, Saudi Arabia; October 24, 2017:  With Noon, the new digital marketplace with the largest assortment of products set to roll out in Saudi Arabia before the end of this year, the Kingdom will witness a new era in youth entrepreneurship, said Mohamed Alabbar, the founder of Noon. He was addressing a media briefing with Faraz Khalid, Chief Executive Officer of Noon, on the sidelines of the Future Investment Initiative in Riyadh. 

Headquartered in Riyadh, Noon is a joint venture with the Public Investment Fund and a group of prominent Gulf investors, with an initial capital outlay of $1 billion. 

Alabbar said that Noon is a customer-focused Arabic-first digital marketplace ‘born in Saudi Arabia,’ for the region, by the region and in the region. “We are excited to launch operations in Saudi Arabia shortly. Noon delivers on the goals of Saudi Vision 2030 with an innovative digital enterprise that is underpinned by strong public-private sector partnerships and a focus on creating high quality jobs and business opportunities for young Saudis. It also supports the development of the Saudi small and medium enterprises, another objective of the national transformation plan announced by His Royal Highness Crown Prince Mohammed bin Salman.”

Faraz Khalid said that Noon brings two exceptional strengths to the Kingdom. “We share our data insights with Saudi retailers to help them expand their market reach and enhance the customer experience. Noon is investing in delivery infrastructure and technology to bring a world-class shopping experience to customers in Saudi Arabia.”

Noon will have a large assortment of products covering fashion, beauty, fitness, sports, technology, games and household, among other offerings. For millennials, Noon is showcasing an exciting collection of modern gadgets and electronic goods. Noon will also cater to the needs of book lovers, adventurers and new parents. Customers in the Kingdom will soon be able to order via www.noon.com or download the Noon Mobile App via the iTunes or Play stores.

Developed after months of research, focus group surveys and elaborate testing, Noon will provide warm attentive and personalised service for customers in Saudi Arabia. Noon has already partnered with market leaders, small & medium enterprises and startups, helping them capture a greater share of the e-commerce market in the Kingdom and the wider region. Launched in the UAE earlier this month, Noon has been receiving strong response from the community. 


Posted by : Dubai PR Network Editorial Team
Viewed 6002 times
PR Category : Banking & Investments
Posted on : Tuesday, October 24, 2017  4:53:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Lufthansa Group strengthens financial base with its best-eve...
Next Story : Eutelsat consolidates its presence in Middle East with the a...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
MAC - Hyper Real Glow [22088-Views]
M∙A∙C Mineralize Total Detox [21210-Views]
Introducing Vitabrid C12, a brand-new, proprietary form of active Vitamin C being used for... [20539-Views]
5 things to know about collagen [12920-Views]
Fresh Hair in an Instant with SHOW Beauty [12548-Views]
PUMA and Sahntell Martin Unveil Debut Collection [10834-Views]
Amadeo® Fleurier 39 “Fan” [9833-Views]
Show/Pop-up Event “Pret-A-Cover™ Buyers Lane” to Be Launched in Dubai From March 28th to A... [9382-Views]
Moreish Café in Dubai introduces a healthy Quinoa Burrito [8808-Views]
Mother's Day Gift Guide 2018 from The Little Birdy Group [8674-Views]
True Colours [8485-Views]
Robinsons Honored for Outstanding Store Design [8461-Views]
UAE Team Emirates' Mirza Takes Gold at Asian Cycling Championships [7906-Views]
Phenomenal development in falconry racing from small beginnings: HHC Deputy CEO [7869-Views]
World-renowned Air Sculpture Artist Daniel Wurtzel collaborates with LG PuriCare™ air puri... [7832-Views]
WGS 2018: Opening Session Highlights Importance of Embracing Smart Living to Enhance Quali... [7723-Views]
MB&F M.A.D. Gallery presents aeronautical artwork "Nose Art” by French photographer M... [7454-Views]
Dubai Culture Announces an Exciting Line-up of Artists for SIKKA Art Fair 2018 [7308-Views]
Splash receives 2 awards [7125-Views]
Arab Duo Showcase Team's Potential in Final Stage of Dubai Tour [7052-Views]
RAK Hospital launches the biggest weight-loss challenge in association with MoHAP, RAK [6368-Views]
UAE Exchange Partners with Ripple for Instant Cross-Border Payments [6289-Views]
Bridal Glow is Skin Deep: Tips for every bride-to-be in 2018 [5874-Views]
Food Lovers Rejoice: Dubai Food Festival Is Back This Month [5850-Views]
2XL launches Malmo Bed with floral designs for a vintage shabby chic inspired master bedro... [5826-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories