Government drives online auctions

Despite the summer slow down, Tejari.com generated more than AED64 million worth of online auctions between June and August.

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By  Matthew Southwell Published  September 26, 2001

Despite the summer slow down, Tejari.com generated more than AED64 million worth of online auctions between June and August. The majority of the 130 deals were initiated by the Dubai government, which tendered for products and services ranging from IT and networking equipment to automotive supplies, office furniture and pharmaceuticals.

“The surge in auctions taking place on Tejari over the summer months provides proof that, not only does important business take place in the Middle East from June through August, but a growing segment of that business is being done through the Internet,” says Sheikha Lubna Al Qasimi, managing director, Tejari.com.

“Several of the government departments in Dubai have been extremely active members of Tejari, and are reaping considerable benefits from the marketplace, including a faster tendering and sales cycle, a reduction in paperwork, and a wider reach toward new suppliers,” she adds.

Departments that have been particularly active include the Dubai Department of Health, Department of Awqaf and Islamic Affairs, Dubai Workshop and the Dubai Electricity & Water Authority, which, between them have conducted more than 80 auctions.

Tejari’s management anticipates that the auction trend will continue, with more than 100 tenders slated to take place throughout September. “This growth trend is slated to continue as more departments embrace online procurement through the marketplace,” says Saleh Alshunnar, marketing manager, Tejari.com.

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