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.