Int’l B2B firms set up regional e-exchange initiative
Commerce One today announced that it will team with GE Global eXchange Services and SAPMarkets to facilitate the rapid implementation of B2B e-commerce throughout the Middle East. The three companies will provide technology and services for six regionally-based exchanges due to begin service later this year.
The exchanges, based in Bahrain, Egypt, Qatar, Saudi Arabia, Turkey and the United Arab Emirates, are expected to deliver reduced purchasing cycle times, improved customer relationships and increasing productivity for Middle East businesses.
The initiative was announced at the second Saudi e-commerce forum being held in Riyadh, by Commerce One Middle East chairman, Prince Mohammed K.A. Al Faisal. Commerce One will provide the infrastructure and Web-based solutions for the exchanges, in addition to being an equity holder in each e-marketplace.
GE Global eXchange Services Middle East and North Africa (GXS), through its local affiliates, will provide data transaction processing, enterprise application integration and trading partner enablement capabilities for the exchanges.
SAPMarkets, the SAP AG subsidiary dedicated to delivering mySAP.com marketplace solutions, will provide marketplace services for supply chain management, product lifecycle management, customer relationship management and business intelligence.
Each e-marketplace in the Middle East and North Africa will represent investment of between $14-20 million and separate companies are currently being established to oversee the launches, including one in Saudi Arabia. — (Albawaba-MEBG)