Amazon CEO Jeff Bezos. (Image credit: Getty Images)

Why is Jeff Bezos meeting Mohamed Alabbar?

Business legends spotted together in Dubai Mall

They are already two of the world’s best known and most successful businessmen. But it appears Amazon founder Jeff Bezos and Emaar chairman Mohamed Alabbar may soon have a lot more in common.

Sources have confirmed to Arabian Business that the two business legends were seen on Friday in Dubai Mall. Their meeting comes just 48 hours before Alabbar takes to the stage at the Dubai Opera On Sunday - where the Emaar chairman is widely expected to finally unveil details of a much anticipated e-commerce venture. His media invitation teasingly refers to a “game changing online shopping platform.”

Arabian Business first exclusively revealed in July this year Alabbar’s plans to create the “Alibaba of the Middle East” – his own gigantic e-commerce business. During a “Ramadan lecture” to an audience including the Crown Prince of Abu Dhabi, Alabbar is understood to have suggested that by the end of 2016, the UAE will have seen the launch of an e-commerce company, a social media service, a modern online banking system and an online logistics company.

He also confirmed that $1bn had already been raised – and in July this year Alabbar led two investor groups in buying a combined 16.45 percent stake in Dubai-based...Read more...

Source: arabianbusiness.com