July 20, 2014

Qatar Foundation and Lulu Group Sign Online Shopping Agreement

Qatar Foundation (QF) and major retailer Lulu Group International have signed a Memorandum of Understanding (MoU) to establish an online shopping portal for Qatar Foundation community members.

The agreement, the first of its kind for Qatar Foundation, includes a home delivery service and will initially be operated on a trial basis.

The Middle East e-commerce market currently accounts for $33.8 billion sales annually. Yet, compared with the rest of the world, the region is still in its infancy in terms of online sales.

According to eMarketer, a global authority on digital marketing, media and commerce, the value of the global online shopping market is set to reach $1.5 trillion this year, with the Asia-Pacific region set to overtake the United States’ $483 billion market to account for $525 billion of online sales.

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