Tejari Jordan doubles growth

Online B2B marketplace Tejari Jordan says it has doubled its member growth rate over the last year, and announces new services for Jordan for Q4.

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By  Eliot Beer Published  October 25, 2005

Tejari Jordan, the online business-to-business (B2B) marketplace, has announced it has doubled its member growth rate over the last year. The company, which is the only such business operating in Jordan, says more than 150 organisations were using its services as of September 2005, up from around 40 members in September 2004. It says the biggest growth has been among financial, manufacturing, insurance and government organisations. “Tejari Jordan’s growth is mirroring that of the country’s economy, and its increased emphasis on e-government. Growing numbers of Jordanian businesses are realizing that online procurement is an efficient way for them to reduce costs and save transaction time by automating their buying processes,” says Yazan Hatamleh, Tejari Jordan’s managing director. The company, the first regional franchise of Tejari, says it plans to launch three new procurement services in Jordan within the next quarter. Tejari Expert is a strategic consulting service aimed at increasing cost savings for companies that already use online procurement. Tejari Jordan claims this service can save large buyers who already use the site up to 15% in online procurement. Tejari Jordan is also launching Tejari Link and Tejari Tender, aimed at small- to medium-sized businesses (SMBs) and the construction induustry respectively. More than 80% of Jordanian businesses are part of the SMB segment, and developers have recently announced construction initiatives worth US$5 billion in the country. “Tejari Jordan is launching these three new services to meet specific market demands and conditions – they address the online procurement needs of the smaller organizations as well as the largest enterprises in the country. Increased awareness about the benefits of online procurement as well as new offerings such as these will continue to spur Tejari Jordan’s growth throughout 2006,” says Hatamleh.

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