Tejari targets Iraq's reconstruction projects

Tejari.com, the Middle East online marketplace, has outlined plans to target online procurement for the infrastructure reconstruction efforts in Iraq worth billions of dollars.

  • E-Mail
By  Maddy Reddy Published  January 12, 2004

Tejari.com, the Middle East online marketplace, has outlined plans to target online procurement for the infrastructure reconstruction efforts in Iraq. “With e-government initiatives assuming greater priority across the Middle East, Iraq’s lack of legacy systems could enable the country to leapfrog its neighbours, while achieving savings of up to 25% by cutting out paper-based trading practices,” says Emad Makarem, managing director, Tejari Iraq. According to figures recently released by the World Bank, rebuilding of Iraq’s telecoms and transport sectors could cost up to US$3.4 billion, and both of these industries are vital to Iraq’s ability to engage in online trade both internally and with regional suppliers. Tejari’s Iraq operations commenced in mid-November, and the online exchange is currently obtaining the necessary licensing and recruiting staff of qualified Iraqi nationals. “We believe that Iraq, the region’s largest developing economy, is ideally positioned to benefit from online procurement, as much of the equipment and raw materials for the vast infrastructure projects being awarded in that market could be purchased via Tejari in a competitive, fair, and transparent manner,” adds Makarem. “Online procurement in Iraq can be seen as a two-step process. First, an online marketplace provides a central, accessible, and impartial conduit for companies bidding to participate in Iraq’s reconstruction projects,” says Nawfal Al-Jourani, Tejari’s marketing director, an Iraqi national. “Because there will be no transition from paper-based buying, Iraq can deploy an e-government strategy from day one, benefiting both private businesses and residents there,” adds Al-Jourani.

Add a Comment

Your display name This field is mandatory

Your e-mail address This field is mandatory (Your e-mail address won't be published)

Security code