How to make your ecommerce chain a success with Qatar’s eCommerce chain
The world’s largest ecommerce store is in Qatar, where it will have a global presence and compete against big names like Amazon, eBay and Zappos, the U.S. and European Union said Monday.
In a sign of how eager the world’s ecommerce giant is to join the global fold, it announced a Qatari subsidiary, eCommerce Qatar, in a joint venture with the country’s largest business services firm, Qatari Doha.
Qatar has more than 6,000 businesses, but this is the first time it will be able to join eCommerce, which is currently dominated by the U., Canada, U.K. and Singapore.
Qatari eCommerce has already signed agreements with Amazon and eBay and is set to begin hiring more staff in Qatar this month.
Its presence is a big boost for Qatar’s economy and will allow it to become more competitive in the global marketplace, said Anwar Elsayed, Qatar eCommerce chairman.
Qatadiya, the countrys largest eCommerce company, is owned by the Qatari government and is also part of the state-owned Global Technology Investment Fund.
It has set up a subsidiary to manage its eCommerce operations, and it has begun hiring staff, said a Qatar government official, who asked not to be named.
It is still deciding whether to expand the subsidiary into an entity with a more formal role.
Its expansion could also lead to more opportunities for other businesses, said Ahmed El-Bazr, managing director of Qatar’s National Investment Authority.
Qatadiyas eCommerce subsidiary will be based in Doha, and the eCommerce Qatari will also have an office in the capital, according to the company.
It has about 20 employees in the United States and two in Germany.
The office will be located at 5800 International Plaza, in D.C.