case study: opensouq

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OpenSouq is the name of one of the Arabic classifieds sites. Opensooq provides a free service to display ads for sale and purchase or services, jobs, and others. OpenSouq was started in 2000 by Boas, Libyan businessman Salah Al-Sharif. Within a year, the site managed to reach an average of 1 million visits per month. But the escalation of political crises in Libya in 2000 led to the suspension of the project, as it moved from Libya to the United States. In its twelfth year, Amina and founder Uday Al Salameen invested $ 1 million in the Opensooq website. Four million followed in the year two thousand and thirteen. Then the project moves to Jordan, then Salah Al-Sharif decides to leave the project and start a new experiment. In 2000, a group of investors was persuaded to pump fifteen million dollars into a new financing cycle. Transferring ownership of the project to the regular students marked a new start to the project. So cell phones were launched. The number of visits increased during that period to reach seven million visits per month and more than one hundred million surfers. The site ranks high among the defective ad sites in Kuwait, Jordan and Libya according to the number of ads. It also saw a significant increase in the number of visits and the number of page views. So is the number of times the application is downloaded. The company is currently developing its services and heading to open new markets. OpenSooq is an online marketplace for classifieds ads that allow anyone to buy, sell, or for individual companies. I described that I had to work. I got acquainted with a partner named Khaldoun Tabaza and Balshanna uh with a company called Riyada. It is a company that focuses on investing in the Arab world. This was part of the problems we're facing so I've gone from driving to the investment side, to trying to solve the problem first from there, before I start the project. Subsequently, Abraaj acquired the flagship company. Uh, we worked with the Abraj Company, which is an investment company, uh, in the Arab world, and welcome outside the Arab world. Uh, nearly three years ago. The environment is better than it was in the past, and more investors are becoming aware of the environment we live in and would like to invest in it. So I left the company while I was Khaldoun, and we whitewashed an idea called the Amina Group. And Amina Al-Group's idea is to invest - Oh let's talk about the Internet. And we managed to attract nearly fifty million dollars. Liver in the year 2012. Uh, we left towers, and the first thing on my mind was always that I would return to online classifieds or online buying or selling opportunities. Our role is based on the options that exist about us in the Arab world, and we discovered that, uh, the OpenSooq site is one of the excellent sites that frankly, uh, he wants to invest in. I sent it on the Internet. A very respectable person named Salah Al Sharif. That is why it was a process that meant moving Opensooq founder Salah Al Sharif to Amman and building a company around it that we acquired and invested in. We had the resources that enable us to transform the open market, like it was about four or five years ago, from just a semi-professional site to one of the largest internet companies in the Arab world. In many respects, there are a few companies that touch the lives of our users. Therefore, our main goal since the establishment of choosing, uh, these patterns, namely, electronic markets and advertising ads. The investments were in three phases. The first stage was the year 2000, a country, uh, we took a million dollars, and according to the growth that happened to us, uh, uh, we also took two thousand and four million dollars. Uh, five million, this is the total of their assets from the trust company. Uh, after that, in the year two thousand and five days, uh, we were able to convince a group of Europe and America, and they are now investing, uh, more than fifteen million dollars. Uh, in the year two thousand and five days. When one accomplishes the project on their own, the most important thing is that it revolves around the main distributors who will come in the beginning, and will assist them in moving to the next stage. The difficulties, as one based on it, will be many. Ultimately, you want the funny characters around you, the people to help you face the challenges you face on a daily basis. And with personalities who always support entrepreneurial ideas, let's talk or talk about new ideas without fear of failure. Introduce you to the open market. About us here is the quality section Advertisements about us. Who we are here is the department responsible for customer service that they manage to all of our clients. We are proud of our mobile advocates out there. This is part of us. Ninety percent of us today are mobile phone users. A large portion of this section comes out. We inform you of the department responsible for opening the website for a period of twenty-four hours, seven days. Four in the morning two in the morning. With the aim of technology, we always make sure that we all dealt with twenty-four hours of bar work. Here we are about yesterday's department, who are responsible for the quality of the site. We make sure that there are no problems, and that everything is working. Uh, it gives them wellness. They will see everything from behind everything around us. Who are we here, uh, uh, for different sections between mobile phones and candies. Who we are here The human resources department, who is in charge of human resources, in addition to the officials in the end, who make sure that money is not saved by us. I also present to you the department, which is a new department that we opened, where we did not focus on the world of sales, and we would like to serve customers more and more. We have people today in the office and at five o'clock welcome to the square and they sit there selling. And for help, they can sell to serve more employees, as well as more of our customers. We also work with those who are talking to clients, so they understand what problems they have, and which aren't working. Plus, if they can provide more services from us, and how can we serve them, then this is the open market. OpenSooq is an online marketplace

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