Tejari to provide e-procurement solution for Oman National Engineering & Investment Company

The agreement was signed by ONEIC's Managing Director, Eng. Mohammed Amin bin Mustafa Al Saleh, and Sheikh Mohammed Bin Suleiman Al-Harthy, the Managing Director of OEC.

As part of the partnership, the "Tejari Transact portal" will offer a flexible and transparent trading platform, which will serve to reduce purchasing costs, whilst providing direct access to the largest online buyer network in the Middle East.

Eng. Mohammed Amin, Managing Director of ONEIC said:

"We are very pleased to be partnering with OEC and Tejari. ONEIC intends to introduce this innovative e-procurement solution to all of its operations in order to save time, effort and operational expense."

"This agreement will enable the company to utilise Tejari's online trading platform to float our auctions online and consequently obtain direct access to a wide range of suppliers. We are seeking to significantly enhance our operational efficiency through this unique marketplace," added Eng. Mohammed Amin, Managing Director of ONEIC.

Sheikh Mohammed Al-Harthy, Managing Director of OEC added: "It gives me great pleasure to sign this strategic partnership with ONEIC. We are confident that the benefits from using the Tejari Transact will help to enhance and streamline the procurement process for ONEIC."

Tejari, the leading online B2B marketplace for emerging markets was launched by the Government of Dubai, is a perfect example of the innovative spirit of the emirate. The company is one of the most successful units of Dubai World, a holding company that is responsible for much of the emirate's phenomenal economic growth. The online trading portal helps facilitate trade between companies and geographies through the largest buyer network in the Middle East thereby ensuring that more and more businesses in the UAE and emerging markets are becoming "e-ready."

Established in 1978 under the name of "The Omani National Electricity Company", ONEIC's areas of operations include amongst other sectors, construction, operations and maintenance of power plants, oil and gas, wastewater treatment, and electro-mechanical projects. ONEIC supports His Majesty Suntan Qaboos bin Said's Omanisation policy and employs over 53% Omanis in various categories including leadership, management, and operational expertise.

Omania E-Commerce (OEC) is a 100% Omani company established in 2005 with a vision to become the leading e-solutions provider in Oman, as well as an active and major contributor to Oman's drive towards a digital society. It provides clients with quality, value added solutions that maximizes their efficiencies, benefits and competitive edge.

OEC's strategic partnership with Tejari, the leading online market place in the emerging markets, is intended to alter the traditional procurement & purchasing processes in Oman through providing an efficient and advanced automated online platform, which will help to energize the business environment within the Sultanate.