Saudi Arabia-based Tamer Group, a leading healthcare, prestige products and fast moving consumer goods company, has entered into a joint venture agreement with Jollychic, a global online retail platform based in China.
The objective of the partnership is to meet the demand of today’s digital consumers, promising to jazz up the e-commerce market in the Kingdom.
The newly formed venture supports the development initiatives and programs undertaken by the Saudi government to enable the growth of e-commerce and digital transformation businesses, which is one of the strategic objectives of the National Transformation Program in line with the goals of Vision 2030.Furthermore, the launch of the new platform will provide employment opportunities for Saudi professionals specialized in the e-commerce, artificial intelligence and technology sectors.
The partnership between Tamer Group and Jollychic aims to combine Tamer Group's long experience and knowledge of the local market, with Jollychic's expertise in the field of e-commerce.
Tamer Group chose to partner with Jollychic for its advanced e-commerce infrastructure model and its expertise in artificial intelligence and big data management.
The joint venture between the two parties will support electronic exchanges between companies to ensure more significant opportunities in sales and distribution using the e-commerce platform. – TradeArabia News Service