Vibe Wire / Watch / Short companionFounder-story archive · 2026-10-12 · 56 seconds
Souq and Amazon Watch the original Short, follow its timestamped caption record and see the source-review scope below.
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Read the caption record (26 lines) 0:00 The man behind the Burj Khalifa bid more 0:01 than Amazon for the Middle East's 0:03 biggest online store. Amazon still got 0:05 it. He had already started a rival. Meet 0:07 Mohamed Alabbar, founder of Emaar. He 0:09 built the Burj Khalifa and the Dubai 0:11 Mall. In 2016, the mall builder went 0:13 online. He announced Noon, a 0:15 billion-dollar online store half-funded 0:16 by Saudi Arabia's wealth fund. In 2017, 0:19 the region's biggest online store, 0:20 Souq.com, was for sale. Alabbar's mall 0:23 company offered $800 million. 0:25 Amazon bought it for about $586 million. 0:28 Souq became Amazon .ae, then Amazon.sa 0:32 and Amazon.eg. Noon launched in October 0:34 2017 in the UAE, then Saudi Arabia. It 0:38 built its own delivery fleet and now 0:39 delivers groceries in minutes. Noon has 0:41 reportedly raised more than $3 billion. 0:43 Alabbar says it is worth close to $10 0:45 billion and was profitable. He plans to 0:47 list it. Amazon bought the biggest 0:49 store. Alabbar built his own. 0:52 Follow Vibeeconomy for more. 0:54 >> [music] Original publication and evidence scope Original YouTube title: “His company outbid Amazon for Souq. Amazon still got it.”. The original title may contain claims not confirmed by this companion.
Upload date, duration and captions were retrieved from the public YouTube record on 2026-10-16. Dates are day-level, not an asserted exact upload time. Market values, audience totals and references to “today” belong to the original publication context.