Slide 3
Slide 3 text
The Foundation of “noon”
• noon is led by Founder Mohamed Alabbar, the Chairman of
Emaar Properties, in a joint venture with Saudi Arabia’s
Public Investment Fund and a group of prominent Gulf
investors.
• A game-changer. An innovator. A regional powerhouse.
noon is all of these and more – it is an online retail
experience that is set to revolutionize the shopping
experience in the Middle East forever.
• With initial investment of US$1 billion, noon will launch
services initially in the UAE and Saudi Arabia, with plans to
cover the rest of the GCC, before branching out to cover the
whole of the Middle East and North Africa region in due
course.
• In the process, noon aims to help boost online sales in the
region from 2 percent of the total retail market (US$3 billion)
to 14 percent ( US$70 billion ) within a decade.