An Omani e-commerce firm is aiming to roll out its services in the Qatari market by the third quarter of 2021 as part of plans to expand its footprint in the Gulf Co-operation Council (GCC) region, according to an official.
Based in the UAE, Nabay.com is a pioneering initiative by its founder and chairman, Nabeel Jawad Sultan, to offer a unique and innovative global online e-commerce marketplace.
“Our plan is to expand into the entire GCC market by 2022, with a target to roll out in the Qatari market in the third quarter of 2021,” Sultan told Gulf Times in an e-mail.
“Qatar is an important market for us and it can set the ground for our future expansion plans in the GCC. Our registration process of setting up a unique online store (website) on nabay.com is simple and can be done in a matter of days instead of months,” Sultan explained.
According to Sultan, the platform offers three core services from a single platform for consumers and businesses around the world.
He explained that Nabay.com’s three core services also serve as its three pillars: a one-of-its-kind online mall, ‘The Nabay Mall’; a community exchange engine, ‘The Barter Exchange’; and a unique concept for an existing website to plug into the platform, ‘The Plugged In’.
“The first of these pillars, and the one that is at the very heart of the platform, ‘The Nabay Mall’, has been designed to offer businesses and sellers the freedom to open their personalised store, complete with their own brand identity, within a dynamic and diverse global online mall,” he noted.
On the planned rollout in Qatar, Sultan said: “In addition to the independent store, businesses are also presented with the full gamut of e-fulfilment services expected of a platform of this calibre, including payment gateways, end-to-end logistics store administration, and analytics.
“This, together with its uncomplicated pricing model, makes it extremely easy for practically anyone to take their business online, or even altogether establish an all-new online business within days and at a fraction of the cost.”
He added: “From the consumer point of view, besides offering a world-class shopping experience, our customers can also enjoy shopping online from their favourite stores in Qatar all under the nabay.com roof with one check-out process.”
Earlier, a press statement announced that Mohsin Haider Darwish (MHD), one of Oman’s leading and largest powerhouses, signed an agreement to become a significant shareholder in Nabay.com.
The investment from MHD will help accelerate the Omani platform’s user-focused mission to become one of the largest cross-border e-commerce marketplaces in the region, underscoring MHD’s commitment towards expanding its market reach within the GCC region, and beyond.