|Merchants join regional B2B Web site|
|The Beirut Merchants' Association said on Tuesday that it would join the first business to business (B2B) Web site in the Middle East to allow Lebanese companies to play a larger role in auctions and tenders in the region.
In a press conference at the association's headquarters, Nadim Aassi, the head of the association, briefly explained the Web site.
Tejari.com was originally created and owned by the Dubai government.
This online exchange, which is powered by Oracle technology, will facilitate the buying and selling of goods and services over the internet between organizations from both public and private sectors.
It also enables real time collaboration between suppliers and customers while extending their market reach on a regional and global basis.
The electronic marketplace serves as an online meeting point for company buyers and sellers and enables organizations to search catalogs, create auctions, perform spot buys and participate in reverse auctioning, all online.
It is estimated that participants in the electronic marketplace will realize savings of up to 20 percent based on the aggregated purchasing power of participants, its time-saving functionality, and the delivery and accessibility of the goods and services on offer.
Tejari.com is now present in the UAE, Jordan, Lebanon, Syria, Kuwait and Iraq and it is expected to include more countries in the Middle East and Africa in the future.
Beirut,05 04 2004
The Daily Star