Tejari boss urges greater trade with China

The head of Tejari, the online trading exchange, has called for greater trade between China and the Middle East.

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By  Daniel Stanton Published  September 25, 2006

The head of Tejari, the online trading exchange, has called for greater trade between China and the Middle East. Speaking at the China Internet Conference 2006 in Beijing, Omar Hijazi, CEO of Tejari, told an audience of government policy makers and business leaders that they could use online business markets to build more profitable business relations with the Middle East. “The Internet has become a powerful conduit to new markets, and this is why we are reaching out to China, to encourage businesses and governments there to see Tejari as a platform on which to build a profitable presence in Dubai, the Middle East market, and the wider region,” Hijazi said. “Not only can we bring our demonstrated online procurement best practices to Chinese organizations, we’re also responding to the needs of current Tejari members that are eager to explore trading opportunities within China.” He also announced that during the first half of 2006, Tejari’s membership, activities and revenues grew by a third compared to the previous year, while profits nearly doubled. In the same period, total trading volume on the marketplace topped US$3 billion. The event was organised by the Internet Society of China as part of the International Internet Summit. Also participating were representatives of Microsoft, IBM, AMD, and the Chinese search engine Baidu. More than 1,500 companies from China and the international business community were in attendance.

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