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Zoom In: Ronaldo Mouchawar - Co-founder and CEO of Souq.com

As the co-founder and chief executive officer of the largest e-commerce site in the Arab world, Ronaldo Mouchawar has become a leading figure in the region’s entrepreneurial circles.

Billed as being the ‘Amazon of the Middle East’, Souq.com operates both as a retail site and as a marketplace for third party sellers. Launched 10 years ago as an auction site linked to the Arab internet portal Maktoob, Souq.com was spun off in 2009 as part of Jabbar Internet Group.

It now features more than 600,000 products across categories including consumer electronics, fashion and household goods and attracts over 42 million visits per month. Having raised more than $150m in financing, including $75m from Naspers last year, the company now has over 2,000 employees across operations, customer service and logistics.

Souq.com also emerged as the second most searched for brand in 2014 in the United Arab Emirates, according to Google.

(gulfbusiness)


 
 
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