Qatar Foundation, Lulu in online shopping deal
Doha, July 30, 2014
Qatar Foundation for Education, Science and Community Development (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, said a statement.
The MoU not only will allow the QF community to purchase goods at the click of a button, but could
subsequently expand to support the local and regional online retail sectors, it said.
The agreement also marks one of the milestone projects that will contribute to transforming Qatar
Foundation into a smart and sustainable city, it said.
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.
The MoU was signed by Ali Abdul Rahman Al Muftah, executive director of support services
at Qatar Foundation, and Mohammed Althaf, director of the Lulu Group, in the presence of
Engineer Jassim Telefat, group executive director capital projects, at Qatar Foundation; and
Stuart Davidge, group deputy retail operations manager at the Lulu Group. - TradeArabia News Service