Souq.com will take part in GITEX to promote online buying

The concept of buying online is experiencing rapid growth within central Europe, Middle East and Africa (CEMEA) region where online shopping transactions account for almost 40 per cent of all online business. This trend underlines the growth opportunities for the regional online market.

Ronaldo Mouchawar, Managing Partner of Souq.com, said:

"GCC e-commerce has registered steady growth in the past two years as witnessed by the growing trend of online transactions, with value increasing on Souq.com at an average rate of 20 per cent a month."

This trend is supported by a heavy investment in security systems and verification processes that help build confidence and loyalty to the site."

Jane, Souq.com buyer and seller, said: "As a member of souq.com e-community since 2006, I have chosen to trade through the portal as I feel fully secure, using the site. The communication process between buyer and seller is fast and truly efficient."

The interaction between the users is an added value offered by the site, as it generates interesting exchanges and bridges communication between the two and helps complete these transactions. Through an electronic message board called the community café, users can chat freely and share their experience.

Husain, another regular on Souq.com, said: "I am a member of Souq.com since the site was launched in 2005. I sell mainly premium watches through the website and I'm an active member of the community café, where members like me exchange their views and trading experience. This concept simplifies sharing of ideas and creates a lively e-community."

Souq.com already has 67,000 users registered with 165,000 unique visitors per month. Thousands of items, ranging from electronics products such as mobile phones, laptops, and clothing, shoes, accessories to cars, properties and many collectable items like painting and coins are sold through the site every month.

The leading online auction site will participate at the Dubai International Convention and Exhibition Centre from 8-12 September. The company will feature its products and solutions under the umbrella of Dubai Internet City, one of the largest managed ICT free zones in the world.