Oman TradaNet announces B2B exchange

Government and private organisations in Oman will soon benefit from a dedicated online marketplace for sourcing and selling products and services over the Internet.

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By  Rob Corder Published  November 23, 2000

Government and private organisations in Oman will soon benefit from a dedicated online marketplace for sourcing and selling products and services over the Internet.

The Oman E.Commerce Digital Exchange has been created by Talal Al Zawani Enterprises and Gulf TradaNet and will officially launch in January next year.

The aim of the exchange is to dramatically reduce purchasing cycle times, improve customer relationships and increase productivity for Oman — allowing any individual or any organisation to buy from anyone, anywhere anytime day or night.

A new company, Oman TradaNet (OTN) has been created to run the exchange. The company says its first priority is to get infrastructure and logistics in place to deliver tangible benefits to customers of the exchange.

"We will initially focus on building a fully integrated logistics infrastructure connecting all modes of transport together enabling the Oman logistics community to communicate electronically with each other, and with their international counterparts. Additionally we will be concentrating on the creation of electronic supply chain's for both commercial and government,” said Alan Livingston chief executive officer of OTN.

Talal Al Zawawi chairman of OTN, who together with Gulf TradaNet has made a multi-million dollar investment in the project, said the motivation for his involvement was to develop Oman's infrastructure to ensure that the country can compete effectively within the Gulf region and globally.

“It has always been my belief that in the new e-commerce age Oman should invest in a world class e-commerce infrastructure and this agreement ensures this. To emphasise our intentions that the company will serve all sectors of Oman's economy the shareholding will be opened in the short-term to any interested key businesses or individuals, with a full public floatation planned in 3-5 years,” said Al Zawani.

E-government and e-business initiatives in countries like Qatar, Bahrain and the UAE have put Oman under pressure to accelerate its development in the new economy. The creation of GTN, according to the company’s general manager, Bill Rowe, puts the whole country back on course. “The country will soon have an infrastructure of it's own to match any of its neighbours,” he said.

“Oman is geographically ideally placed to become the main logistics hub for the region, now with the introduction of our e-commerce technical infrastructure, Oman will be the preferred logistics centre for the region,” he added.

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