Al Naboodah Group joins DP World’s DUBUY.com

UAE’s Al Naboodah Group has joined wholesale e-commerce platform DUBUY.com to accelerate its growth.

The fully integrated platform brings buyers and sellers together with a single window for transactions, payment and delivery; cross-border business-to-business (B2B) settlement, as well as domestic B2B and business-to-consumer (B2C) capabilities.

DUBUY.com will provide a gateway for the group to enter new international markets via its online business-to-business marketplace, providing end-to-end supply chain solutions through DP World’s global ports and logistics network.

Al Naboodah Group joins a diverse range of businesses already trading on the e-commerce platform.

Read: Al Ain Farms to offer dairy products in Africa through DP World’s DUBUY.com

Also Read: Dubai’s DP World launches e-commerce platform in Tanzania

Benefits of the partnership with DUBUY.com

The product-led parts of Al Naboodah Group, such as the electrical, agriculture and auto-parts divisions, will benefit from the partnership.

Customers registered on the platform will be able to buy wholesale products across a variety of categories from Al Naboodah Group at the click of a button.

We are happy to announce that @alnaboodahgroup has joined https://t.co/ZrwXDu0Lal by DP World!

Our customers can now purchase wholesale products from their diverse portfolio of world-class brands using our secure financial transactions and reliable supply chain solutions. pic.twitter.com/8jruwCqGZo

— DUBUY by DP World (@DUBUY_by_DPW) March 22, 2023

Mahmood Al Bastaki, COO of Digital Trade Solutions at DP World, said: “We are proud to welcome Al Naboodah Group to DUBUY.com and we are looking forward to building a long term mutually beneficial partnership here. By being part of the platform, Al Naboodah Group will enjoy greater visibility and access to markets such as Africa to accelerate its growth.

“It will also enable them to trade using a unique combination of advanced technology and DP World physical infrastructure – which includes reliable fulfilment, secure financial transactions and the safe movement of goods.”

“DUBUY.com has been operating as a trusted online marketplace for buyers and sellers since November 2021, and in this relatively short time, we have accrued more than 10,000 registered customers, 2,000 registered vendors, and have facilitated the trade of more than 1.4 million products every day. This latest news is a testament to the major growth in e-commerce solutions, and we’re proud at DP World to be at the forefront of digital innovation.

“We have no doubt that Al Naboodah will grow their business further, and we look forward to more UAE companies joining our platform to open up to the rest of the world,” Al Bastaki added.

Swaidan Saeed Juma Al Naboodah, chairman of Al Naboodah Commercial Group, said: “As a leading group of companies with a strong heritage in the UAE, we are honoured to start the cooperation with the e-commerce platform DUBUY.com by DP World.

“We are proud to strengthen our strategic partnership with DP World, by growing the strong roots we have cemented in the UAE, by expanding into new markets. The technology and the scale that DP World provides via DUBUY.com is unprecedented and we are looking forward to the mutual rewards both parties will benefit from when it comes to providing greater breadth of products for buyers across muti-territories at the click of a button.

“We will enjoy greater access to key markets – such as Africa – and we are proud to be able to scale our operations with a trusted platform.”

In other news, DP World, one of the biggest global port operators, said its revenues surged by nearly 60 per cent to $17.1m (Dhs62.9bn) in 2022 from Dhs23.3bn a year earlier. The rise was driven by acquisitions and the solid performance of its ports and terminals, and marine services.

The port operator’s containerised revenue increased by 12.1 per cent due to the increased demand for ancillary container services.

Read: Ports operator DP World’s revenues surge to $17.1m in 2022

Like-for-like non-containerised revenue also jumped by 18.3 per cent, with a strong performance from ‘Unifeeder’.

DP World’s recorded adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of Dhs18.4bn, a 31 per cent increase owing to strong revenue growth, which reflects a margin of 29.3 per cent.