Tejari's knowledge vision

Middle Eastern governments and companies must do more to drive the growth of knowledge-based economies in the region, according to Tejari CEO Omar Hijazi.

  • E-Mail
By  Eliot Beer Published  December 11, 2005

Middle Eastern governments and companies must do more to drive the growth of knowledge-based economies in the region, according to Tejari CEO Omar Hijazi. He was speaking at the second Jordan Economic Forum, where he welcomed the country’s monarch His Majesty King Abdullah Bin Hussein’s vision of a knowledge-based Jordanian economy, but said the Jordanian government needed to do more to promote online trading. “In the United States, more than 10% of the total GDP is driven by internet trading, with the global average at 5%,” says Hijazi. “In the Middle East, we currently stand at around 1.5% of GDP, whereas Jordan is hovering at 1%. This represents a great opportunity for e-commerce growth in the region.” Hijazi says the growth of Tejari itself is a good example of how successful government initiatives can be; the organisation’s users have traded more than US$1.5 billion-worth of goods and services since its inception. Tejari Jordan has also seen growth, with more than 150 new organisations signing up in the last 18 months, including PepsiCo and Housing Bank for Finance and Trading. The Tejari CEO says the organisation is introducing new technology to make it easier for companies to register automatically over the internet. His vision is for companies to be provided with a website automatically when they register with the authorities. “Our vision is to work with the Chambers of Commerce across the region to ensure that every company registering for a business license would automatically be provided a web presence on the Internet,” says Hijazi. “For each company, Tejari’s LINK technology will automatically create a web site, add them to a national online directory, provide them with a message centre to send and receive trade leads, and reserve them space for electronic product showrooms and e-exhibition functionality. This market-making environment will stimulate trade locally and across borders.”

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