Souq.com Achieves 35% Monthly Transactions Growth

Souq.com has witnessed a growth in the volume of transactions at a monthly rate ranging between 30 to 35%.

Omar Sedody, CEO of the commercial website, stated that the current volume of transaction has increased with a percentage ranging between 10 to 15% compared to the beginning of this year, recording a raise that is ranging between 30 to 35%. He pointed out that about 40% of visitors performed actual transactions after a month or two.

The website achieved a great number of views, which classified it among the best 50 websites in Egypt, he said, adding that this monthly increase in the transactions has attracted a number of companies working in different fields to offer their products via the website.

Moreover, the companies’ branches in Gulf countries such as Emirates and Saudi Arabia, have recently achieved an increase in the growth rate by about 20%, given that the volume of electronic trade in general has witnessed a raise up to $ 1.9 billion in Emirates and $ 5 billion in Saudi Arabia.

Souq.com is considered an electronic gate which allows thousands of  people to communicate on a daily basis, sell and buy different goods online, in addition to providing shipping and payment methods that suit the local user and meet his demands.