Tejari Saudi Arabia, an online procurement portal, was inaugurated at a reception in Riyadh recently.

The event, held at Al Faisaliah Hotel, was participated by Dr Hashim bin Abdullah bin Hashim Al-Yamani, Minister of Commerce and Industry, and Eng Mohamed Jamil Ahmed Mulla, Minister of Communications and Information Technology.

"Tejari Saudi Arabia is being created specifically to enable both the private and government sectors in the country to realise the business benefits facilitated by online procurement, including dramatic cost savings, greater efficiencies, and enhanced market reach," said Abdulrahman Mazi, chairman of Tejari Saudi Arabia.

"We aim to achieve this by activating the latest editions and innovations in the various components of technology and communication," he said.

Tejari Saudi Arabia is supported by excellent technologies, expertise and financial resources, said Mazi. “Our franchise with Tejari UAE, a leading company in e-marketing in the region, and our partnerships with several prominent Saudi companies such as Saudi Telecommunications Company, Technology Investments Company, and National Company for Information Systems add boundless support to our venture in the Kingdom. In addition, our application of Oracle's latest editions specifically its ERP program add weight to our undertaking, bearing in mind that Oracle is the largest enterprise software company in the world,” he said.

Omar Hijazi, CEO of Tejari in UAE, said the company is one of the leading companies in the Middle East, Africa, and West Asia in e-marketing in both the public and private sectors. As the only platform that supports the Arabic language, it has updated this platform and raised its capacity to 100,000 clients that are supported by a team of experts in 12 countries.

The CEO of Tejari Saudi Arabia, Walid Bin Hamad Al Harkan, said: "The inauguration of the company in Saudi Arabia is an important advancement because Saudi Arabia has the largest e-market in the Middle East, Africa, and West Asia.

“We are expecting to innovate e-marketing in the kingdom by providing wonderful benefits to our clients starting through online procurement in all its stages from raw materials' suppliers, to contractors and entrepreneurs, and to retailers and wholesalers by opening new and intelligent markets through non-traditional ways. These intelligent markets will instantly satisfy increasing clientele needs at more competitive global prices by eliminating middlemen. Suppliers' and producers' profit margins will also increase. Clients will also receive better services within a shorter time span and avoid the hassle of prolonged government regulations,” he said. – TradeArabia News Service