Ahead of the Global Dubai Tea Forum on February 27-28, 2006, Tejari, the Middle East’s online marketplace, today announced a new partnership with the Dubai Tea Trading Center (DTTC) to support tea trading.
Under terms of the agreement, Tejari will develop an online trading platform to facilitate the international commercial activities of the Dubai Tea Trading Centre (DTTC), a subsidiary company of Dubai Metal and Commodities Center (DMCC). Delegates at the forthcoming Global Tea Forum will get the first look at the prototype of the new Tejari-based tea trading online forum.
This international tea trading enterprise - which will eventually include a centrally located warehouse through which tea of various origins will pass – will utilize Tejari to enhance its regional and global reach, opening up new markets and affirming Dubai’s growing status as an international centre of trade.
“Tejari has gained in-depth expertise in growing and maintaining regional online trading portals. The tea trade portal will provide DTTC with a user friendly internet-based trading platform to all tea related organizations to showcase their products and services, create trade leads to buy and sell, identify new partners in different countries and to use the messaging capability to communicate with other companies” said Omar Hijazi, Chief Executive Officer of Tejari.
“The creation of initiatives such as the DTTC tea trade portal is likely to increase the value and volume of tea traded in and through Dubai significantly,” he added.
“This partnership with Tejari will highlight our tea storage, blending and trading capabilities to an international audience,” said Ahmed bin Sulayem, Chief Operating Officer, DMCC
“Given that restrictions on a number of regional tea markets participating in international trade are likely to be lifted over the next few years, our agreement with Tejari is significant in providing Dubai with an early opportunity to substantially strengthen its role as a focal point for all future commercial activity in the tea sector,” he concluded.
The Middle East and adjacent regions account for approximately 25% of global tea imports and according to industry insiders. DTTC plans have already won the enthusiastic support of tea manufacturing participants from three of the world's leading tea exporters - India, Sri Lanka and East Africa.
The Tejari-enabled DTTC portal, which will only be accessible to its members, will facilitate the round-the-clock cataloguing, sample requesting, and purchasing of tea stocks, putting the buyer in direct contact with the plantation broker / trader and therefore allowing for a greater degree of transparency.
About Tejari
Tejari is the Middle East’s premier online business-to-business marketplace. 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’ real-time access to new markets and greater cost savings. Visit Tejari at http://www.tejari.com
About The Dubai Tea Trading Centre (DTTC)
DTTC is a dedicated facility in Dubai at which international tea producers and merchants can hold stocks of tea that will be readily available to meet the immediate requirements of importers in the Middle East and adjacent regions. Enabling availability of a variety of teas from multiple origins, DTTC offers convenience to tea purchasers, whilst promoting the interests of exporters. DTTC members include tea producers, exporters, regional importers and international merchants. DTTC is located at an existing warehouse facility within the Jebel Ali Free Zone (JAFZA), with plans to move to a purpose-built facility in the free zone within the first two years of operation. Visit DTTC at http://www.dttc.ae
