Amazon signed an agreement Wednesday to start an online grocery store in the United Arab Emirates (UAE).
Amazon and Abu Dhabi’s Lulu Group will work together to develop an online grocery service that delivers products to customers in the UAE. The shopping will be done on Amazon’s Emirati website, according to a press release.
Lulu Group operates supermarkets around the world, including in the UAE, Saudi Arabia, Qatar and Asian countries.
Why it matters: The move will add to Amazon’s footprint in the Middle East. Amazon recently launched a storefront for Egyptian handicrafts. Saudi Arabia’s Public Investment Fund also bought more shares in Amazon earlier this year, and its stock in the company is worth hundreds of millions of dollars.
More and more services in the UAE are moving online, and the country is seeking to be a global high-tech hub.
Know more: A recent trend has developed of people around the world — including in the Middle East — buying products that were purchased but then returned via Amazon in the United States and then reselling them in their home countries. These goods are known as pallets.
Business and policy professionals use PRO to monitor the regional economy and improve their reports, memos and presentations. Try it for free and cancel anytime.
Join over 50,000 readers who access our journalists dedicated newsletters, covering the top political, security, business and tech issues across the region each week.
Delivered straight to your inbox.
Free newsletters available:
- The Takeaway & Week in Review
- Middle East Minute (AM)
- Daily Briefing (PM)
- Business & Tech Briefing
- Security Briefing
- Gulf Briefing
- Israel Briefing
- Palestine Briefing
- Turkey Briefing
- Iraq Briefing
Join the Middle East’s most notable experts for premium memos, trend reports, live video Q&A, and intimate in-person events, each detailing exclusive insights on business and geopolitical trends shaping the region.
We also offer team plans. Please send an email to firstname.lastname@example.org and we’ll onboard your team.
Memos – premium analytical writing: actionable insights on markets and geopolitics.
Live Video Q&A – Hear from our top journalists and regional experts.
Special Events – Intimate in-person events with business & political VIPs.
Trend Reports – Deep dive analysis on market updates.
All premium Industry Newsletters – Monitor the Middle East’s most important industries. Prioritize your target industries for weekly review:
Join the Middle East’s top business and policy professionals to access exclusive PRO insights today.
© 2021 Al-Monitor, LLC. All rights reserved.