New marketplace brings Egyptian manufacturing online
Tajerinn, a new website, may help local manufacturers in Egypt by connecting buyers and sellers of raw materials and developing an efficient local marketing strategy.
An Egyptian man named Mina Labib launched Tajerinn on Dec. 24, 2014, the first Egyptian communication network that aims to connect Egyptian manufacturers of raw materials to each other, locally for the time being, with plans to go worldwide in the future. The website is an attempt to connect manufacturers to each other and to consumers, and to develop the way the purchase of raw materials is done on other platforms, such as Alibaba and Tradekey.
Labib, 24, who studied business management at Valley Forge Military Academy and College in Pennsylvania, told Al-Monitor that Tajerinn allows producers and buyers of raw materials such as cotton and primary materials such as yarn to create an online account to show all the information about their product’s quality and price, and to allow the seller to communicate with the buyer without any commission fees being paid to Tajerinn on any sale, even if account holders permit the website to assist them in selling part of their production.
Besides connecting manufacturers, the website gives registrants an opportunity to examine and analyze economic developments, stock market developments and investment opportunities in private manufacturing that use raw or primary materials.
Labib believes that the Egyptian economy can benefit from the Tajerinn platform as it allows the imported amount of raw and primary manufacturing materials to be reduced. Tajerinn allows Egyptians who produce these materials to showcase their products, thus providing more internal marketing opportunities for Egypt’s raw materials. The website also provides an integrated database of Egyptian industries and the best investment opportunities in private manufacturing, especially in terms of availability of raw materials.
