Noon, the digital marketplace created in the region, for the region and powered by the region’s leading retailers, has signed a partnership agreement with United Electronics Company (eXtra) that establishes the Saudi electronics giant as Noon’s exclusive partner for a range of consumer electronics and home appliance items such as Samsung, LG, Sony, Braun, Kenwood and Moulinex, among others.
The strategic agreement positions eXtra and Noon as key partners in the fast-growing e-commerce market in the region. The two companies will collaborate on commercial, marketing and supply chain platforms to bring a world-class shopping experience to the region’s online shoppers.
Gaining greater market share
Noon is an Arabic-first offering, built to cater to the expectations of the region’s customers and retailers and to deliver a warm, attentive and personalized service. Noon partners with market leaders, small & medium enterprises, helping them gain a greater share of the e-commerce market in the region.
“Our partnership with eXtra is consistent with our vision of making Noon a platform for the region’s retailers to come together on a digital marketplace. We believe this partnership will improve Noon’s value proposition to its customers in Saudi Arabia and the UAE,” said Mohamed Alabbar, Founder of Noon. “Valuable and strategic partnerships with leading retailers such as eXtra enables Noon’s continued growth. Our strong connections with the local retail community add to our growing product assortment allowing us to offer more choices to our customers.”
Led by Saudi Vision 2030
Abdullah Al Fozan, Chairman and Founder of eXtra, said: “Such a strategic agreement is just another example of eXtra’s constant effort in developing partnership to deliver regional and local market growth.” He also stressed on the importance of driving the Kingdom’s economic growth led by Saudi Vision 2030. “This partnership will make a positive impact on the market growth, including the creating of new job opportunities for the youth in the Kingdom,” he added.
Mohamed Galal, CEO, eXtra added that the vision of eXtra’s partnership with Noon is to deliver customer flexibility, enabling them to buy from anywhere, at any time, delivered at any place, or picked from 43 stores in 26 cities, offering various payment option – Saddad, credit card, installment, cash on delivery, and supported with eXtra’s lowest price guarantee, and extensive after sale services.
Eyeing Saudi market
Launched in October in the UAE, Noon is headquartered in Riyadh and is set to start serving customers in Saudi Arabia very shortly.
With offices in Riyadh and Dubai, Noon seeks to empower the region’s youth to participate in the growing digital economy. Noon employs some of the brightest young Saudi, Emirati and Arab talent and is actively opening the digital marketplace to emerging entrepreneurs, adding to its active supplier base in the region.