Cobone opens shop in Saudi Arabia

By on April 10, 2011
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Online group-by site brings ‘top deals’ to the Kingdom.

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Press release:
Having redefined online shopping across a number of cities around the Middle East, Cobone.com, the online source for top deals, will now bring its bargains to Saudi Arabia. Cobone.com offers Saudi residents one of the most fun, social and innovative ways to shop online, and the chance to make the most out of their city.

“Cobone’s expansion to Saudi Arabia is yet another milestone in our growth as the leading regional online brand,” said Paul Kenny, Founder and CEO of Cobone. “We are excited to be able to extend our services to Saudi Arabia and we have a lot of exciting plans that we can’t wait to share with our Saudi customers.”

A company majority owned by Jabbar Internet Group, the region’s leader in e-commerce ventures, Cobone.com provides enormous savings on the best hotels, goods, restaurants, spas and more across the Middle East. A different offer appears each day, allowing members to take advantage of the most sought-after services for at least half the usual price.

The web-based business model uses the power of group purchasing to bring the best goods and services at discounts of 50 to 90 per cent. A certain number of people must participate in each offer before the deal can be activated.

Shoppers are encouraged to invite friends, colleagues and family to join in on daily deals to increase their own chances of completing a purchase. Customers will also be given the flexibility to purchase coupons for themselves or their friends by using a selection of credit cards and cash on delivery in addition to online payment options such as CashU and Paypal, which makes their shopping experience instant, fast, reliable and secure.

Retailers also enjoy huge benefits from the site, which provides a risk-free way to generate and attract a wider custom base at no cost. Already, the site has broken e-commerce records in the Middle East and established a reputation as the best online source for daily deals in the region.

“With one of the region’s highest internet penetrations and users, Saudi Arabia is ideally placed to benefit from the unique deals offered by Cobone.com,” said Thamer Bamieh, Country Manager for Cobone.com in KSA. “We want to support local businesses by increasing their exposure through this innovative way to shop. Cobone.com has already been so successful in surrounding countries and we are looking forward to bringing the best deals locally.


About

Mufaddal Fakhruddin is the Editor for IGN ME and thinks writing in third person about himself in an about me section is weird.

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  • Anonymous

    p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; line-height: 21.0px; font: 13.0px ‘Lucida Sans Unicode’; color: #333233}

    Looks like the group buying business is expanding really quickly. I myself buy deals from Moosavings.com so happy that it finally opened in the UAE. Lets see what acquisitions and takeovers mean for the UAE consumer

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