Oracle, Dubai Ports in e-commerce joint venture
DUBAI, April 15 (Reuters) - Dubai Ports Authority (DPA) and
the Jebel Ali Free Zone announced a joint venture with Oracle
Corp <ORCL.O> on Saturday to establish the region's first
e-business market, the official WAM news agency reported.
WAM said the Dubai Electronic Market (DEM) will start
operating within 60 days, and would make it possible for
businesses to buy, sell and compete on world markets.
It said DPA would operate the project while Oracle would
provide the infrastructure and advanced technology.
"The Dubai Electronic Market (DEM) will make it possible
for the public and private sectors to consolidate their
purchasing power to receive the highest possible returns," WAM
quoted DPA Chairman Sultan bin Sulayem as saying.
He said all purchase orders, confirmations, auctions and
tenders would be processed on line by DPA.
The move followed an announcement this month to bring local
government services on line to speed up transactions, reduce
costs and improve quality.
Last year, Dubai announced plans to set up Dubai Internet
City, a $272 million free trade zone for e-commerce. The moves
are part of efforts to make Dubai, already a Gulf trading hub, a
regional centre for information technology.
REUTERS
Rtr 13:34 04-15-00 |
