Real estate related economic and financial news covering the MENA region.
Tijari to reach $3bn in transactions
Jul 24, 2012
Nader Sabbaghian, CEO of Tijari has said the B2B online marketplace’s transactions value are expected to increase by more than 10 times to $3bn in 2012, as the company has got major new clients, Khaleej Times has reported. “I think in 2011 we had about $250m [transactions value] and this year we are going to do $2bn to $3bn mostly because of new clients,” Sabbaghian said. “Most of the clients are the UAE-based as we have got DP World, Etihad Airways, and the government of Abu Dhabi,” he added. Tijari is also considering plans to expand into the GCC region, Sabbaghian said. “Saudi Arabia and Qatar are very important markets for us as the GCC in general will be the first point of focus,” he said. “We will plan to open offices in Saudi Arabia, Qatar, Kuwait and Oman, but all depend on clients.”