Amazon to open online grocery store in UAE
The US retail giant has also been in the news regarding Saudi Arabia and Egypt recently.
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.
