Saudi e-commerce platform Almall eyes MENA expansion

Almall was launched by Mohammed Fahad Alharthi.
Updated 12 June 2019

Saudi e-commerce platform Almall eyes MENA expansion

Almall, a Saudi e-shopping website that brings together consumers and brand owners from within and outside the Kingdom, has seen a monthly growth rate of 30 percent since its launch in October last year.

The online shopping platform, which is part of the Saudi Research & Marketing Group, was launched by Mohammed Fahad Alharthi, editor in chief of Sayidaty and Arrajol magazines, and is now one of the main players in the Saudi e-commerce market.

Almall is the only pure player in the region (while others are click-and-mortar) offering an advanced technology ensuring that all products listed on the e-commerce platform are supplied directly from verified sellers and delivered to the end customers. 

This choice has a direct impact on the company’s short- and long-term strategies, limiting the operational costs and providing a higher scalability to enter new markets with no structural investment. Moreover, such a system ensures there is no conflict of interest between the sellers and Almall.

To create a complete 360-degree seamless customer experience from purchase to delivery, Almall is working with leading companies for payment, logistics and last mile delivery services. 

Since its launch, Almall has a monthly traffic of 2 million users with over 1 million registered users all over the GCC, with a majority in Saudi Arabia.

Alharthi plans to expand Almall to cover the entire MENA region by 2021.

By the end of 2019, Almall will strengthen its presence in Saudi Arabia and will officially start its operations in UAE, Oman, Kuwait and Bahrain.

The next step for Almall will be to start operations in Levant countries in early 2020, where it has already partnered with the main distributors and logistics partners.

Oracle, OceanX team up to support startups in KSA

Updated 1 min ago

Oracle, OceanX team up to support startups in KSA

Oracle and Saudi startup consultancy firm OceanX have signed a memorandum of understanding to help Saudi entrepreneurs set up their startups and drive growth with the latest digital technologies. 

“Entrepreneur success is a key cornerstone of Saudi Arabia’s Vision 2030 framework and vital for the creation of a thriving digital economy. At Oracle, we are focused on supporting the development of Saudi Arabia’s startup community with unique cloud solutions that will allow entrepreneurs to benefit from a virtuous cycle of innovation and achieve desired goals” said Fahad Al-Turief, country leader, Oracle Saudi Arabia. “As a technology partner for OceanX, we will work directly with the startups and offer expert insights, customized solutions and an opportunity to benefit from Oracle’s global startup program.”

Under this initiative, Oracle will offer “innovation as a service” to OceanX entrepreneurs by offering technical consultation, host workshops and undertake training sessions.

“The importance of digital solutions for the success of startups globally and in the Middle East is significant. At OceanX, we are helping Saudi startups across all phases of development and now with our collaboration with Oracle, we are equipped to deliver a unique technology enabled roadmap for our entrepreneur community,” said Ibrahim Alzuhaimel, chief executive, OceanX. “This collaboration will see OceanX deliver a business consultant role, which will be aptly supported by expert digital guidance by Oracle. We are confident that the Saudi startup community will immensely benefit from this collaboration.”