Announced Gado Badu JadoPado, shopping platform over the Internet, today announced the sale of a strategic stake of the company "Pico Capital", a capital investment bold company in the emerging technology in the GCC area companies, where the company has been assessed at $ 102 million dirhams, which is equivalent to $ 28 million.
This allows Jado Badu field of vendors from all over the world the founding of their store-mail within minutes and do sell their products to customers from around the world.
Gado site features Badu design allows for buyers and sellers alike the opportunity to buy and sell new products, used or reconditioned. We then today there are more than 2,500 vendor from all over the world use electronic marketing their products platform through subscription and registration on the site in addition to the number of products available has increased six-fold to more than 55,000 product, increased trade and Visitors size on the site three times during the same period .
The company plans to invest 14.69 million dirhams, the equivalent of $ 4 million, in the development of itself and expand its services in the Middle East and other emerging markets.
This includes the investment portfolio of the company "Pico Capital" stakes in the electronic platforms "property finder" and "cream" and focus "Pico Capital" in its investments to support emerging technology companies in many promising areas.
It is worth mentioning that this investment is the first investment in the electronic market platforms for the company, "Pico Capital", it has received in time "appropriate", although the new e-commerce in the region, but it is growing rapidly and will continue to evolve and to benefit at the expense of the traditional market share .
Experts say that the increase in the use of smart phones and the Internet in the last five years has led to a quantum leap in the ways of communication between companies and customers in the region.
According to statistics the number of Internet users in 2015 will increase to more than 50% of the population in the Middle East. Mail market in the Kingdom of Saudi Arabia and the United Arab Emirates (UAE) has witnessed a growth rate of 40% since 2009.
It is expected that the value of electronic platforms projects exceed $ 7 billion, showing a great willingness to buy online. And therefore it aspires organizers of the Gado Badu to play a major role in providing the opportunity to enter into this sector for all local and international traders and sellers who are looking to invest in it, taking into account the continued increase in online shopping operations around the world.
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