Ajman Free Zone and noon.com sign MoU


September 14, 2020 | By RetailME Bureau

The Ajman Free Zone and noon.com sign MoU (memorandum of understanding) to further enhance the local e-commerce sector and attract new investors to Ajman. The MoU will strengthen the cooperation and coordination between both parties as they work towards boosting the sector’s performance and supporting its steady expansion.

Under the MoU, the existing Ajman Free Zone investors who hold e-commerce licenses can join noon.com to utilise the home-grown platform’s extensive library of tools, including a fully optimised platform, secure payment gateway and established logistics and fulfilment network. Companies wanting to use noon.com as their digital selling platform but are not yet registered in the free zone can still obtain an e-commerce license to enjoy this privilege and other benefits.

Apart from building enhanced cooperation and coordination, the MoU will also help fast-track digital transformation not only of Ajman but the entire UAE, whose e-commerce market is considered the most developed in the Middle East and North Africa (MENA) region at a 4.2% penetration rate.

As Ajman Free Zone and noon.com sign MoU, Ali Abdulla Bin Towaih Al Suwaidi, director-general, Ajman Free Zone, noted that this reflects their shared commitment to forming strategic partnerships with leading players across industries, including the steadily rising UAE e-commerce market.

“Our strategic partnership with noon.com, one of the country’s leading e-commerce platforms, will benefit both our investors and customers by opening up new opportunities for business expansion and development,” Al Suwaidi said. “The range of available services, for instance, will grow and become diverse as a result of this new collaboration, thus providing our investors and customers with more options and advantages. We are confident that this quality partnership will bring enormous benefits – particularly with regard to bolstering the growth of the e-commerce market – supported by the government’s unwavering assistance as well as the country’s continuous modernisation of its digital infrastructure for more advanced services such as the offering of secure and convenient electronic payment methods.”

“As the region’s leading home-grown digital marketplace, noon is proud to support businesses, offering them immediate access to our huge and highly engaged customer database along with our trusted services. Through our partnership with Ajman Free Zone, we will be able to provide countless new businesses with the tools they need to expand their offering online, driving reach to new audiences, multiplying sales, enabling them to compete better in a digitally progressive retail market. We’re looking forward to welcoming SMEs and supporting their growth across the region,” added Yousef Almehrzi, responsible for government partnerships at noon.com.

 

For all the latest retail news from the Middle East, follow us on Twitter and LinkedIn, like us on Facebook and subscribe to our YouTube page.

Comments

comments

Previous Article Next Article

YOU MAY ALSO LIKE /



UAE gears up to celebrate this year’s National Day celebrations in the 

Continue Reading

November 28, 2021 | By Zubina Ahmed

UAE-based Etisalat Group has signed an agreement with elGrocer, a leading online 

Continue Reading

November 18, 2021 | By RetailME Bureau

Amazon.ae announced that the 11.11 sale is back once again this year 

Continue Reading

November 8, 2021 | By RetailME Bureau

Abu Dhabi Cooperative Society’s COOP City store is now open in Lake 

Continue Reading

November 3, 2021 | By RetailME Bureau

Union Coop, a consumer cooperative in the UAE, revealed that 78% of 

Continue Reading

August 24, 2021 | By Jibran Chouguley

Union Coop has opened its 23rd branch within the UAE in Jumeirah 

Continue Reading

August 2, 2021 | By Jibran Chouguley

Nando’s has revealed their revamped Sheikh Zayed Road outlet where newcomers and 

Continue Reading

July 8, 2021 | By Jibran Chouguley

UAE-based Al Maya Group announced that it will be boosting import of 

Continue Reading

June 24, 2021 | By RetailME Bureau

UAE-based grocery retail chain, Grandiose has opened its first hypermarket in Abu 

Continue Reading

June 2, 2021 | By RetailME Bureau

UAE-based Carrefour announced its theme and plans for Ramadan 2021. The brand 

Continue Reading

March 31, 2021 | By RetailME Bureau

Locally owned supermarket Spinneys celebrates 60 years of doing business in the 

Continue Reading

March 9, 2021 | By RetailME Bureau
Almarai, Carrefour, Emirates have the most loyal customers

UAE-based Carrefour will become the first retailer in the region to offer new levels 

Continue Reading

February 22, 2021 | By RetailME Bureau




Download Images RetailME Magazine