Tejari Egypt launched

Tejari has announced the launch of Tejari Egypt, a major new operation, and gateway, into the North African market.

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By  Sherief Younis Published  February 7, 2007

Tejari has announced the launch of Tejari Egypt, a major new operation and gateway into the North African market. In partnership with Al Ahly for Development and Investment (ADI), Egypt’s first venture capital company, Tejari Egypt will introduce the benefits of e-procurement and e-commerce services to the country’s government departments and private enterprises. The company believes the new plan will attract around 20,000 customers and US$1 billion trade over the next five years. “Over the next five years, we plan to cater for more than 20,000 Egyptian organizations who will adopt e-procurement through Tejari Egypt, resulting in more than US$1 billion worth of trade being transacted through our marketplace. "We see enormous potential for e-commerce and e-procurement in Egypt, and with ADI, Tejari has the ideal partner to offer the measurable procurement efficiencies and other benefits that our online marketplace can bring to organizations in Egypt,” Omar Hijazi, Tejari CEO said. At the launch of Tejari Egypt, officials highlighted Egypt’s role as the current largest market of internet users in North Africa, the growth of broadband availability in the country, and the increased focus on e-government as encouraging factors driving the new online initiative. “The Egyptian government has committed itself to leveraging the benefits of new technology, and the ICT infrastructure required for e-commerce is being created in many parts of the country,” said Fouad Sultan, chairman & managing director at ADI. “Government organizations with large procurement requirements stand to gain many benefits of moving to Internet-based procurement. Many large enterprises in Egypt, particularly in the industrial sector, are well positioned to adopt e-procurement, having deployed ERP systems, and we look forward to seeing them reaping the benefits of e-procurement,” he concluded. To head its new operations in Egypt, Tejari also announced the appointment of Ihab Hassib as general manager for Tejari Egypt, and the opening of offices for the new online procurement and trading initiative. With the launch of Tejari Egypt, Tejari now has a direct presence in eleven countries, including the UAE, Bahrain, Jordan, Kuwait, Oman, Qatar, Iraq, Lebanon, KSA, and Pakistan.

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