Noushad Rahman CEO of Zalomi Electronics with Saudi Partners in Riyadh
UAE-based Zalomi Refurbished Electronics is making headlines with its recent partnership with a prominent Saudi group to establish 100 outlets across the Kingdom, beginning in Riyadh. This strategic alliance marks a significant step in Zalomi’s expansion plans within the Middle East, reinforcing its commitment to providing high-quality refurbished electronics to a growing consumer base. The first outlet is slated to open in Riyadh by October 2024, paving the way for further growth in the region. Zalomi recently signed an MOU with Riyadh-based Al Zaal Information Technology Company recently for Saudi expansion.
The Saudi Arabian electronics market is experiencing rapid growth, driven by increasing consumer demand for affordable technology solutions. As the cost of new devices continues to rise, many consumers are turning to refurbished options as a viable alternative. The refurbished electronics sector in Saudi Arabia is projected to grow substantially in the coming years, fueled by a younger population eager for technology that fits their budget. Zalomi’s entry into this market comes at an opportune time, allowing the company to tap into this lucrative opportunity and meet the needs of price-sensitive consumers.
Zalomi’s partnership with the Saudi group is a testament to its strategic approach to expansion. By leveraging local expertise and resources, Zalomi can navigate the unique market dynamics of the region effectively. This collaboration not only enhances Zalomi’s market reach but also fosters job creation and economic growth within the communities it serves. The establishment of 100 outlets will provide employment opportunities and stimulate local economies, demonstrating Zalomi’s commitment to contributing positively to the regions in which it operates. Moreover, the partnership aligns with Saudi Arabia’s broader economic diversification efforts under Vision 2030, which seeks to reduce the nation’s reliance on oil and promote various sectors, including technology and retail.
“As part of its mission to promote sustainability and responsible consumption, Zalomi is committed to reducing electronic waste through its refurbished products. With electronics being one of the fastest-growing waste streams globally, the Kingdom faces increasing environmental challenges. By offering high-quality, pre-owned electronics, Zalomi plays a crucial role in addressing environmental concerns associated with electronic disposal. This approach not only provides consumers with affordable alternatives but also helps conserve resources and reduce carbon footprints associated with the manufacturing of new devices. By promoting a circular economy model, Zalomi aligns itself with Saudi Arabia’s Vision 2030, which emphasizes sustainability and environmental stewardship as foundational pillars for the country’s future” said Noushad Rahman, CEO of Zalomi Electronics, Dubai, UAE
With the first outlet set to open in Riyadh by October 2024, Zalomi is poised to make a significant impact in the Saudi Arabian market. The company’s innovative approach to refurbished electronics, combined with its strategic partnership, positions it as a key player in the region’s electronics landscape. As Zalomi expands its footprint across the Kingdom, it aims to establish a strong brand presence while catering to the growing demand for affordable and sustainable technology solutions. The partnership represents not just a business opportunity but a commitment to promoting eco-friendly practices in the electronics industry, thus contributing to the realization of a sustainable future for Saudi Arabia.
Zalomi’s venture into the Saudi market underscores the growing importance of refurbished electronics as a sustainable alternative for consumers. By partnering with a local Saudi group and focusing on the establishment of 100 outlets, Zalomi is not only enhancing its market presence but also actively participating in the Kingdom’s efforts to build a more sustainable future. Through its commitment to reducing electronic waste and promoting responsible consumption, Zalomi aligns with the goals of Vision 2030, paving the way for a greener, more sustainable Saudi Arabia.