“This agreement facilitates access to the successful Tejari online trading platform for US companies and those in the Middle East, providing US Companies with practical and cost effective access to the Tejari online trading community, which is today the largest and most established buyer network in the UAE and the Middle East,” said David Altman, Executive Director at the US Export Council in New York.
“The agreement between Tejari and the US Export Council represents a powerful new opportunity to connect US companies, especially the 250,000 small and medium sized US Manufacturers to Tejari and generate export sales across the Middle East and the UAE, where Tejari has the largest online buyer network.” added, Mr. Altman
Tejari is a classic example of the innovative sprit of Dubai. The company, launched by the Government of Dubai, is one of the most successful units of Dubai World, a holding company responsible for much of the emirate’s phenomenal economic growth. The online trading portal will facilitate further trade between the US and the largest buyer network in the Middle East.
One of the key components of the agreement between Tejari and the US Export Council is the development of an online trading community; an e-Exhibition private-label community, for US companies, expected to be online in early 2009.
“This element also provides in-advance business matchmaking for all of the US Companies attending the Connect - CEO Forum in Dubai on March 17th 2009” said James Magee, Organizer of the Forum in Dubai.
US companies can upload their company profile on the portal, showcase and exhibit their products, issue promotional trade leads and above all, have access to a trading floor where they can interact with potential buyers or sellers across the Middle East 24x7.
The UAE is the largest U.S. export market in the Middle East and a key source of investment in the U.S.
Many U.S. firms have a presence in the UAE. The UAE has generated most of its oil revenues from sales to Asia, then invested most of its profits in the U.S. economy. In 2007, this resulted in the country importing $11.7 billion in goods and services from the United States; in 2008, it also made a series of sizable foreign direct investments in the United States.
These and other factors add up to excellent sales opportunities for U.S. companies. Here is a brief look at some of the best prospects, according to the U.S. Department of Commerce.
Air Conditioning and Refrigeration Equipment
Architectural and Engineering Services
Computers, Peripherals, and Software
Construction and Related Equipment
Cosmetics and Toiletries
Consumer Goods
Food-processing Equipment
Industrial Chemicals
Medical Equipment
Oil and Gas Extraction Equipment and Services
Pharmaceuticals
Power Generation Equipment
Telecommunications Equipment
Textiles
Water Desalination Equipment
The US Export Council provides assistance to American firms seeking access to high growth international export markets and foreign investment. While we provide support to established exporters to expand their markets, we also assist small and medium sized enterprises, particularly in industries that have high growth potential, to commence exporting and to convert irregular exporters to sustainable export activity. http://www.usexportcouncil.com
Connect - CEO Forum 17th-19th March 2009 Jumeirah Beach Congress Center, Dubai, The Business Forum that brings together executives from the United States and around the world, to meet key principals in the region to explore and expand business opportunities.
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Tejari is one of the leading B2B online marketplaces in the emerging markets. 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 on-line auctions that enable participants’
