Tejari has announced record results for 2006, with sales up 30% and net profits more than doubling from last year, up 110%.
More than US$1.3 billion worth of business went through online marketplace Tejari during 2006, marking a 33% rise in trading volumes from 2005.
“Tejari’s performance during 2006 demonstrates both the strength of our marketplace services and the ongoing interest in e-commerce among public and private sector organisations in the Middle East,” said Omar Hijazi, CEO of Tejari. “Our existing customers are processing more and more transactions through Tejari, while new customers are also seeing the benefits of signing up with the leading e-commerce provider in the region,” Hijazi continued.
“Last year saw a number of important milestones for Tejari, with the launch of operations in four new countries and the introduction of four new services targeting various business communities. These figures reflect the growing demand for e-commerce services from diverse sectors across the region, which underpins our strategy for maintaining leadership in e-procurement and creating new online services for the Middle East and emerging markets worldwide,” Hijazi added.
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