{"id":1574,"date":"2020-03-03T14:52:35","date_gmt":"2020-03-03T10:52:35","guid":{"rendered":"https:\/\/www.techxmedia.com\/?p=1574"},"modified":"2025-04-17T23:57:51","modified_gmt":"2025-04-17T19:57:51","slug":"itcan-to-hit-aed-100-million","status":"publish","type":"post","link":"https:\/\/techxmedia.com\/en\/itcan-to-hit-aed-100-million\/","title":{"rendered":"Start-up firm ITCAN set to hit AED 100 million revenue"},"content":{"rendered":"\n

Start-up company ITCAN, a full-service Technology and Digital Marketing company has announced that it is close to earning AED 100 million this year since its launch in Dubai. The milestone is about to be reached against the backdrop of growing e-commerce activities in the UAE and Saudi Arabia as noted by a recent report by the World Economic Forum. Across the GCC, a study by A.T. Kearney predicted that the value of the e-commerce market would amount to USD 20 billion by 2020.\u00a0 The UAE<\/a>, according to the same study, is the most advanced e-commerce market in the region, with a penetration rate of 4.2 per cent, like that of Turkey and Brazil. Saudi Arabia at 3.8 per cent closely follows the UAE. <\/p>\n\n\n\n

According to the\nfirm, expansion is expected this 2020 in terms of earning potential, market\nreach, and new offerings amid the continuously rising popularity of e-commerce\nand increasing support for start-ups from both the government and private\nsectors across the region. <\/p>\n\n\n\n

Mansour Althani,\nCEO and Co-Founder of ITCAN, said: \u201cStarting with zero capital, ITCAN has\nremained a self-funded company until today. It was a challenging start for us\nwhen we launched our operations, but we have nonetheless gained traction over\nthe years. The e-commerce segment continues to be a fertile ground for growth\nas more and more shoppers go online to look for high-quality and cost-effective\nproducts. Industry reports share the same growth outlook for the GCC e-commerce\nmarket, which is expected to become a USD 20-billion industry this year.\u201d<\/p>\n\n\n\n

\u201cWe will continue\nto take advantage of the sector\u2019s growth opportunities. As digital marketing\nleaders, we will scale online retail businesses that are looking to increase\ntheir profitability, customer base, and expand their presence in the Middle\nEast region through our transformative performance marketing service. On the\nother hand, as technology development experts, we will consistently create\ntransformative omnichannel technology to help deliver seamless and integrated\ncustomer experience. We are proud of our gains, but we are not slowing down.\nOur clients can expect more from us in the coming years,\u201d Althani added. <\/p>\n\n\n\n

ITCAN, which was\nfounded by young Saudi entrepreneurs, is behind the growth of many e-commerce\ncompanies in the MENA region through its portfolio of services. The company has\nexpanded since its launch in 2015 to enter new markets outside the UAE, with special\nfocus on the Saudi market, while at the same time broadening its offered\ndigital services to its client base along the way. Its Saudi Arabia and Egypt\noffices formally opened their doors in 2016, followed by its branch in India in\n2019. <\/p>\n\n\n\n

Initially, the\nstart-up firm offered performance and digital marketing services before\nlaunching its technology development service in 2016. Through its expertise,\ntwo e-commerce giants in 2017 made great headway in their digital initiatives.\nIn 2018, ITCAN\u2019s teams across its offices grew significantly with 60 marketers\nand developers joining its organization. By then, the company had established\nits leadership in scaling and growing businesses in the local market. ITCAN\nalso made history in 2015 as the first\ncompany to utilize influencers within the affiliate marketing landscape. <\/p>\n\n\n\n

With its teams of\nmore than 12 nationalities based in its different offices, the company, which\ncreates the ultimate digital ecosystem where businesses grow, seeks to deliver\ntransformative expansion to all its clients by constructing a path towards\nachieving their maximum digital potential. Internally, ITCAN is exploring\ngrowth opportunities through partnerships, investments, and affiliations to\nmeet its 2020 business targets.<\/p>\n","protected":false},"excerpt":{"rendered":"

According to the firm, expansion is expected this 2020 in terms of earning potential, market reach, and new offerings amid the continuously rising popularity of e-commerce and increasing support for start-ups from both the government and private sectors across the region. <\/p>\n","protected":false},"author":8,"featured_media":1576,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[26],"tags":[690,688,691,687,692,689,73],"contributor":[],"class_list":["post-1574","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startups","tag-digital_ecosystem","tag-digital_marketing","tag-digital_potential","tag-itcan","tag-startup","tag-technology_development","tag-uae"],"featured_image_src":"https:\/\/techxmedia.com\/en\/wp-content\/uploads\/2020\/03\/Mansour-Althani-CEO-Co-founder-ITCAN-e1583232661706.jpg","author_info":{"display_name":"News Desk","author_link":"https:\/\/techxmedia.com\/en\/author\/rabab\/"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/techxmedia.com\/en\/wp-json\/wp\/v2\/posts\/1574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/techxmedia.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techxmedia.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techxmedia.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/techxmedia.com\/en\/wp-json\/wp\/v2\/comments?post=1574"}],"version-history":[{"count":0,"href":"https:\/\/techxmedia.com\/en\/wp-json\/wp\/v2\/posts\/1574\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/techxmedia.com\/en\/wp-json\/wp\/v2\/media\/1576"}],"wp:attachment":[{"href":"https:\/\/techxmedia.com\/en\/wp-json\/wp\/v2\/media?parent=1574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techxmedia.com\/en\/wp-json\/wp\/v2\/categories?post=1574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techxmedia.com\/en\/wp-json\/wp\/v2\/tags?post=1574"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/techxmedia.com\/en\/wp-json\/wp\/v2\/contributor?post=1574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}