Amazon shares rise as etailer opens for business in Saudi Arabia

Amazon shares are higher, amid news it has launched a new marketplace for Saudi Arabia customers on the SOUQ.com site.

Amazon shares rise as etailer opens for business in Saudi Arabia

Amazon shares are higher Thursday, as the global tech and online retail behemoth has opened for business to Saudi Arabia customers. In a partnership with online market place, SOUQ, products from Amazon are available through the ‘Amazon global Store’.

By 1600 BST, Amazon shares are 0.30% higher at $1,996.02. The stock has been broadly positive recent weeks.

Amazon Global Store

Amazon Global Store has been launched on the SOUQ marketplace. It will give online shoppers in Saudi Arabia a selection of 1 million items available from Amazon. Those items will include clothing, handbags, shoes, home goods, kitchen appliances and watches, among others.

“We are excited about making over one million popular products from Amazon available on SOUQ.com to customers,” said Saleem Hammad, General Manager KSA, SOUQ.com.

“This brings global selection closer to our customers in the region, and we will continue to grow this further. We share the same vision as Amazon and focus on providing our customers with best-in-class selection, great prices and a convenient shopping experience,” Hammand added.

The partnership gives Amazon Global Store a shopfront on SOUQ.com and provides a localised online retail experience for customers based in Saudi Arabia. All prices on the site will be in the local currency and include all relevant import costs.

Amazon to deliver fresh Christmas Trees

Amazon has also revealed its customers will this year be able to purchase real, full-sized Christmas Trees on its online store, for the 2018 Holidays.

In previous years, the global giant has sold and shipped real Christmas trees under 3 foot tall. However, the etailer has chosen to expand its Christmas tree offerings to its US customers in 2018.

Real trees, wreaths and garlands will be available from November and some could even be available with free shipping.

Amazon is set to sell a 7-foot Fraser fir, from a North Carolina farm, at the price of $115.

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