Tejari, the UAE-based premier business-to-business online marketplace, today entered into a strategic partnership with the Hashoo Group, Pakistan?s leading business conglomerate.Hashoo is engaged in oil and gas exploration and production, hoteling, information technology, mining, ceramics, pharmaceuticals, travel and tourism and real estate businesses.
Tejari is a subsidiary of the Dubai World, one of the largest holding companies in the world focusing on development, hospitality, investment, commodities, marine services and ports and free zones.
As per the agreement, Hashoo Group will be the operator of Tejari Pakistan and will offer online procurement services to both government departments and the private business community in Pakistan.
Tejari Pakistan will enable all registered companies to find, compare and procure products and services needed for day-to-day running of their businesses. It will also allow companies to network and connect with the larger number of buyers and suppliers in Pakistan and the Middle East region.
Aimed at automating and streamlining the administration and procurement cycle, the e- procurement solutions will help companies in Pakistan identify and compare prices online, enhance transparency and lower costs associated with paper-based procurement processes.
Providing an impetus to the existing economic and trade ties between UAE and Pakistan, Tejari Pakistan signals the growth and adoption of e-commerce among the business community in one of Asia?s fast emerging nations.
Recent years have seen the two nations strengthen its bilateral trade agreements with a significant focus on investments in the telecommunications, technology and the construction sector. UAE is the largest investor in Pakistan with the country investing more than $5 billion in various projects in the country during 2004-06.
?The launch of Tejari Pakistan comes at a time where both the nations have paved a way for mutual co-operation and understanding in the business and political arena. With all the large scale investments in the public and private sector, Pakistan is growing at an accelerated rate and expanding across all business sectors. In order to meet these needs and demands of a growing nation, it essential that the business communities have access to online procurement of goods and services,? said Murtaza Hashwani, chief executive, Hashoo Group of companies, Pakistan. -TradeArabia News Service
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