Middle East online market place Tejari has reported that 2003 was its most successful year yet of operation, with consistent growth recorded in relation to its number of trading partners, online auctions and electronic purchase orders.
Tejari had attracted 2,471 trading partners by the end of 2003, representing nearly 1000 new members, a 67 percent growth rate from the membership level at the end of 2002.
In correlation with the rising number of trading partners, during 2003 Tejari hosted its highest number of online auctions yet. By year-end, the online marketplace had conducted 10,395 auctions – which was a 110 percent increase on the previous year.
Tejari enables buyers and sellers to transact and share information about a variety of goods and services via a secured Internet environment. Tejari provides a single point of contact for an open and growing community of buyers and suppliers, permitting spot-purchasing and online auctions that enable participants' real-time access to new markets. — (menareport.com)
© 2004 Mena Report (www.menareport.com)
