Alabbar, Saudi PIF to Launch E-Commerce Firm

The video discusses a news conference about the launch of an online retail platform targeting the Middle East. It highlights the market potential in the region, focusing on the UAE and Saudi Arabia initially, with plans to expand to Iraq and Egypt. The discussion also covers the competitive landscape and strategic positioning against established players like Souq.com.

What is the estimated value of the online sales market in the Middle East?

• $4 billion

• $3 billion

• $2 billion

• $1 billion

How many people are there in the Middle East, according to the transcript?

• 500 million

• 200 million

• 300 million

• 400 million

Which countries are initially targeted by the new online retail initiative?

• Saudi Arabia and Egypt

• Iraq and Egypt

• UAE and Qatar

• UAE and Saudi Arabia

By when do they plan to expand into Iraq and Egypt?

• 2019-2020

• 2018-2019

• 2017-2018

• 2016-2017

What is the goal for the new online retail initiative in terms of profitability?

• Within 5 years

• Within 4 years

• Within 2 years

• Within 3 years