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Tejari is one of the most successful units of Dubai World, the remarkable holding company which has been instrumental in the emirate’s phenomenal economic growth through its huge portfolio of businesses and developments. Dubai World’s successes span a huge range of industries and projects, including Nakheel’s unique real estate concepts, the iconic development of The Palm, DP World, the third largest port operator on the planet and of course, Tejari’s key involvement in introducing e-commerce to the Middle East.
Established in June 2000 by Sheikha Lubna Al-Qasimi, the current UAE Minister for Foreign Trade, Tejari has become the region’s premier online B2B marketplace and the number one e-commerce hub for businesses in the region.
In 2006, electronic business crossed the $100 billion mark for the first time and emerging markets are now playing a vital role. In 2005, emerging markets made up 21% of e-commerce sales, and by 2030, that figure is forecast to reach 50%. There has been a major shift towards developing economies and Tejari is ensuring that it becomes the online bridge for the next generation of global business opportunities
Tejari is now leading the way for e-commerce in emerging markets, many of which are growing at twice the rate as those that are already established. These economies are the future of e-commerce investment, growth and revenue. The former developing business world is set to emerge as the dominant economies of the future and Tejari's goal is to be the first e-commerce choice for those markets.
Online trading has the benefit of further reaching and trading without geographical boundaries, something that has hindered less mature economies. The opportunity for investment in those markets is enormous and the potential for returns even greater. As the developing markets find further targets, so Tejari expands its own reach, giving businesses the chance to trade and transact on one network without boundaries and borders.
Tejari is the leading marketplace in emerging markets; it realizes that businesses need to rethink their target markets. Tejari is penetrating further into Asia, Africa, the Far East, Russia, China and Latin America to increase its portfolio of members in emerging markets and become known as the brand of B2B e-commerce.
Finding new business has been one of the greatest challenges for many organizations in both established and emerging economies, and has played a vital role in determining the success or failure of their future. With Tejari’s world class technology platforms, members benefit from a sophisticated matchmaking service which helps integrate their companies into a global online marketplace and connect with over 200,000 potential business partners.
While establishing an opportunity is the first step, Tejari marketplace has also transactional capabilities to follow through. The entire procurement process can be delivered via desktop – from contact to contract. Traditional trading has often been a slow, drawn out procedure, with almost inevitable delays. E-commerce has revolutionized the speed and the spending of those deals and Tejari’s commitment to a transactional marketplace has taken the region’s online trade a step further.
Many companies realize that in order to maintain or improve their level of business they must make the move into electronic business. It is a bold but vital move and Tejari has always believed that, as well as offering the service, it also has the responsibility to prepare and train the companies taking advantage of it. The Tejari Academy ensures that Tejari members are ready, willing and able to enter the e-commerce world.
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