07 Feb 2007
Dubai: Tejari, the region's leading online marketplace, has entered in Egypt in partnership with Al Ahly for Development and Investment (ADI), Egypt's first venture capital company, a statement said.
Tejari Egypt, which plans to attract 20,000 customers and $1 billion in trade in the five years, will introduce the benefits of e-procurement and e-commerce services to the country's government departments and private enterprises.
Tejari chief executive Omar Hijazi said: "Over the next five years, we plan to cater to more than 20,000 Egyptian organisations who will adopt e-procurement through Tejari Egypt, resulting in more than $1 billion worth of trade being transacted through our marketplace. We see enormous potential for e-commerce and e-procurement in Egypt, and with ADI, Tejari has the ideal partner to offer procurement efficiencies and other benefits that our online marketplace can bring to organisations in Egypt."
Tejari Egypt will introduce e-procurement services to enterprise and government customers in the country, through its online Tejari Marketplace service.
Savings
Tejari customers across the Middle East have realised direct procurement savings of up to 15-20 per cent plus indirect savings of more than 40 per cent through the adoption of e-procurement, and now Tejari Egypt believes that the public and private sector in Egypt is ready to enjoy the same benefits from the venture.
"Government organisations with large procurement requirements stand to gain many benefits of moving to internet-based procurement," said Fouad Sultan, chairman and managing director, ADI.
"Many large enterprises in Egypt, particularly in the industrial sector, are well positioned to adopt e-procurement, having deployed ERP systems, and we look forward to seeing them reaping the benefits ofe-procurement," Sultan added.
By Staff Reporter
Gulf News 2007. All rights reserved.
