Noon’s dominance in the MENA region isn’t just a story of logistics or sleek UI; it’s about building a business that deeply understands and adapts to local consumers. Launched in 2017 by Mohamed Alabbar, Noon raised over $2 billion and became the Middle East's answer to Souq (now Amazon), proving that even markets with 23 years of dominance present opportunities for strategic regional champions.
Noon saw an opportunity in hyper-localization for the Middle Eastern market. The MENA (Middle East and North Africa) e-commerce market is expected to hit $80 billion by 2029, driven by high internet and smartphone penetration rates.