Inc. is apparently considering a bid for a stake of at least 30% in Dubai’s, which is also known as the Amazon of the Middle East. Souq had recently appointed Goldman Sachs Group Inc. to find buyers for a stake sale.

This could be a huge deal for and the whole region if Amazon wishes to expand in the Middle East.


Back in February, was able to raise over $275M in its latest funding round back in February and its post-money valuation was estimated at $1 billion. This made Souq the first tech company out of the Middle East to reach a 10-figure valuation.