Dubai Chamber inks MoU with Souq.com

As per the agreement, Dubai Chamber members will access to exclusive benefits, training, as well as customised support

Tags: Dubai Chamber of Commerce and IndustryE-commerceSouq.comUnited Arab Emirates
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Dubai Chamber inks MoU with Souq.com (L-R): Ronaldo Mouchawar, Co-Founder & CEO of Souq.com, and HE Hamad Buamim, President and CEO of Dubai Chamber.
By  Alexander Sophoclis Pieri Published  June 13, 2017

The Dubai Chamber of Commerce and Industry recently announced the signing of a memorandum of understanding (MoU) with Souq.com that will focus on promoting cooperation between the two entities.

The agreement will also see the delivery of a host of exclusive benefits to Dubai Chamber members. These include free access to Souq.com's Fulfilled by SOUQ services for a three-month period. Additionally, Souq.com will offer boarding training sessions, which include special placement in search, customer service and access to promotions.

Commenting on the MoU, HE Hamad Buamim, President and CEO of Dubai Chamber, shared: "We expect e-commerce activity to account for 10 per cent of Dubai's total retail trade within the next few years. Rapid growth within this sector presents a lot of potential which can be maximised through strategic initiatives and partnerships that help businesses keep pace with the region's fast-changing e-commerce."

Souq.com is expected to promote Dubai Chamber's Trusted Member label scheme through its seller programme on the B2C platform. It will also work closely with the chamber on upcoming seminars and training programmes.

Ronaldo Mouchawar, Co-Founder & CEO of Souq.com, commented: "At Souq.com, we focus on delivering a seamless shopping experience to our customers. Our pioneer initiative ‘Fulfilled by SOUQ' (FBS), empowers sellers to overcome e-commerce barriers and use our robust infrastructure and technology to grow their business online.

"This partnership with Dubai Chamber will assist more SMEs and entrepreneurs in the region to get significant exposure with access to millions of local customers. In addition, the partnership will further boost customers' confidence through the Dubai Chamber ‘Trusted Member' Label Scheme."

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