Aramex Partners With BizX Trading For Trade Exchange Market
BizX Trading (BizX)
has signed an agreement with Aramex, a leading provider of total
transportation solutions in the MENA region and South Asia, wherein
Aramex will exchange logistics services for a range of products and
services available in the BizX Trading exchange on a barter basis.
This deal comes
on the heels of a dozen partnerships formed by BizX, the
international division of the USA-based BizXchange which is a
business-to-business barter exchange, in its efforts to bolster its
Middle East pool of partners.
�Our
partnership with BizX will help us in creating budgeted value from
our excess capacity, where we can now utilize the full value of any
extra capacity by trading that value for services through BizXchange,�
said Samer Hajjar, General Manager of Aramex Dubai. �This value will
offset cash expenditures and at the same time allow us to invest
more in attracting new customers.�
Bob Bagga,
President and CEO of BizX Trading, added, �This partnership with
Aramex �one of the region's most recognized courier and shipping
companies�will encourage other organizations to join our exchange
and benefit from the tremendous values that both BizXchange and
barter bring to the table.�
The use of BizX
as a trading platform expands the ability to trade by allowing
companies to buy and sell products and services with a variety of
other exchange partners.
In the Middle
East, BizX focuses on developing partnerships with companies
involved in real estate, media, travel & hospitality, printing and
any other business that carries excess inventory or capacity. Such
companies, can �sell� this spare capacity to BizX and in return
�buy� back the equivalent value in a variety of products and
services from other BizX partners.
Since its
formation in 2002, BizX has conducted over US$150 million in barter
transactions. It has approximately 1500 active member companies,
with affiliates worldwide in Singapore, Turkey, Malaysia, Australia
and the UK. BizX had been operating in the Middle East for over two
years before officially launching its regional office in Dubai on
June 10, 2007, as an international hub for its global exchange
network.