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Jun 18 2007

Tejari completes AED 1.9 billion online tender for RTA

H.E. Mattar Al Tayer, Chairman of the Board and CEO of RTA  Omar Hijazi, CEO of Tejari.
H.E. Mattar Al Tayer, Chairman of the Board and CEO of RTA Omar Hijazi, CEO of Tejari.

Dubai, UAE: Tejari , the region's leading online marketplace, revealed that Dubai Roads & Transport Authority (RTA) has transacted the largest ever online Tender in the Middle East and North Africa, with an AED 1.9 billion auction to buy 620 buses. The tender was published online through Tejari .

H.E. Mattar Al Tayer, Chairman of the Board and CEO of Roads and Transport Authority ( RTA ) received on this occasion Omar Hijazi, CEO of Tejari , in the presence of Eng. Maitha Bin Odai, CEO of the Road and Traffic Agency; and. Mr. Mohammed Obaid Al Mulla, CEO of Public Transport Corporation; and Abdul Mohsin Ibrahim Younis, Chief Executive Officer, Strategy & Corporate Governance; Mr. Abdullah Al Madani, Chief Executive Officer of the Corporate Support Services Agency; Eng. Abdul Aziz Malik, CEO of Dubai Taxi Agency; and Dr Ayesha Saad Al Bousmaitt, Marketing and Communications Director. Tejari was represented by Seamus Rodgers, General Manager, Tejari Marketplace; and Howaida Rabee, Events Manager.

New buses will be delivered to the RTA , as part of the multi-part auction, which was completed in March. RTA made use of Tejari 's global reach to attract bids from a range of international suppliers, giving the RTA more choice and more value for its investment.

The buses will be delivered in 2007 and 2008, as part of the integrated plan for transportation in Dubai. The tender also includes maintenance contracts for the buses, which alone will be worth AED 602 million. The RTA chose to publish the tender on Tejari to attract a wide range of suppliers, and to gain additional benefits from e-procurement, including more transparent processes and faster transaction processing. Tejari Marketplace posted the tender information online, and invited registered and non-registered suppliers to bid.

H.E Mattar Al Tayer, Chairman of the Board and Executive Director of the RTA said: "By placing this tender through Tejari , the RTA was able to greatly enhance the choices we had to fulfill our requirements, giving us greater efficiency in our procurement and enabling us to make the best use of government funds. The RTA is committed to using and developing online services and processes to increase efficiency, and the successful completion of this auction with Tejari marks an important step in our adoption of e-procurement."

"The tender will compromise of 170 double decker buses, 300 articulated (long) buses; 70 normal public transport buses; 30 airport buses and 50 mid range buses. Of these,150 normal buses will be delivered on December 2007 and June 2008, and 300 articulated long buses will be delivered in August 2007 and June 2008, while 170 double deckers will be delivered September 2007 and December 2008" added H.E Mattar Al Tayer.

"This auction is a major milestone for Tejari and for the development of e-business in the region," said Omar Hijazi, CEO of Tejari . "Public and private organizations are increasingly turning to Tejari , and using our expertise to manage and place complex, high-value tenders online. We are very pleased that we were able to make this auction a success for the RTA , and that we were able to help them get the best value out of their procurement.

In 2006 Tejari crossed a threshold of $4 billion in total trades, with more than 70,000 transactions completed since the company began operations in 2000. More than $1.3 billion worth of business was transacted through Tejari during 2006, marking a 33% rise in trading volumes from 2005. Tejari now has a direct presence in eleven countries, and offers a range of services including consultancy and training to customers in leading public and private organizations.

In the last twelve months, Tejari has seen a greater breadth of online procurement services being adopted in the region - from the initial meeting of new businesses through the Tejari -powered mylinkDubai.com to the online auctioning on the Tejari marketplace, to the spend analysis and strategic procurement consulting provided by ' Tejari Expert' service. Dubai Municipality and Gulf Extrusions are among the organizations utilizing Tejari Expert to better understand and forecast their spending processes.

-Ends-

About Tejari
Tejari is the Middle East's premier online business-to-business marketplace. Tejari enables buyers and sellers to transact and share information about a variety of goods and services via a secured Internet environment. Tejari provides a single point of contact for an open and growing community of buyers and suppliers, permitting spot-purchasing and on-line auctions that enable participants' real-time access to new markets and greater cost savings. Visit Tejari at http://www.tejari.com

For more information, please contact
Tejari
Abdulla Salman
Director of Marketing
Tejari
Tel: +971 4 391 3777
e-mail: abdulla.salman@tejari.com

© Press Release 2007


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