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Tejari Egypt goes online

Online marketplace Tejari has set up in Egypt in partnership with a local venture capital company.

Tejari launched Tejari Egypt this week with the backing of Al Ahly for Development and Investment (ADI).

The company said Tejari Egypt would 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 of trade over the next five years.

"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 organisations in Egypt," Omar Hijazi, Tejari CEO, said.

Tejari highlighted the growth of broadband availability in the country and the increased focus on e-government as encouraging signs for future growth.