Our Story...
virtual economy company, also known as “VE”, was established in the city of Jeddah in 2016, under ambitious management and a new generation that relies on development and innovation. It has expanded since its founding until it succeeded in developing its business and became one of the leading companies specialized in several different commercial fields, including commercial fields. The company has smart devices and accessories, e-commerce and solar energy, in addition to providing after-sales services. Thanks to this diversity, it has the ability to achieve continuous and sustainable growth. Consolidating and developing relationships with its partners is considered one of the most important basic pillars of the company’s growth plans
COMPANY VALUES
Our values are the foundation of our business system and the reference on which we rely to implement our strategy
Achievement
We believe that our courage to challenge and strive to achieve the best enables us to create a meaningful, sustainable and real transformation that leaves a positive imprint on the lives of all people associated with our business.
Cooperation
We believe that cooperation and the exchange of knowledge, skills, and practical practices within the company and with our partners contribute to building strong approaches and systems that achieve the interests of all parties
Leadership
Our leadership concept is based on encouraging knowledge sharing, innovation and development among the company's members, and providing a working environment that contributes to the formation of effective current and future leaders
Creativity
We challenge conventional thinking and look for new and innovative ways to discover opportunities, whether at the product or business process level, in pursuit of innovative solutions
Flexibility
We believe that flexibility, adaptability, and the pursuit of knowledge in all our work and among company members enhance our ability to innovate, create opportunities, and develop solutions
Integrity
We at Virtual Economy Company are committed to integrity, honesty, accountability, and ethical practices in all our work and implement the spirit of respect. among all members of the company
STAGES OF ESTABLISHING THE COMPANY
2016
Establishing a virtual economy company and developing strategic and future plans
2017
Working in the field of e-commerce and establishing several (B2C) platforms
2019
Working in the field of smart devices and signing a brand agency contract (vivo) saudi arabia
2020
Working in the field of smart phone accessories and signing with many international brands
2021
- Working in the solar energy sector and establishing the Watt Solar Renewable Energy Company.
- SolarWatt renewable energy company signed several strategic partnership contracts with the largest global factories in the manufacture of solar energy products
- Establishing solar energy product distribution teams and starting to open branches.
2022
- Working in the sector of distributing smart devices and accessories and building a fleet covering all regions and cities of saudi arabia.
- Expansion and opening warehouses and storage outlets which are covering all regions of saudi arabia.
2023
Signing with the two largest e-commerce platforms, Noon and Amazon, and starting to supply smart devices and accessories to the two platforms
2024
Signing an exclusive distribution agency contract with the (Coolpad) brand for smart devices and accessories in saudi arabia
103
Employees
3
Offices
4
Warehouses
45
Distribution Cars
ADMINISTRATION
