By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    Suez Canal Bank signs protocol with Chinese TEDA to support investment in SCZone
    Suez Canal Bank signs protocol with Chinese TEDA to support investment in SCZone
    June 1, 2023
    Egypt, GIZ sign agreement of €8m to support e-government, innovation in management
    Egypt, GIZ sign agreement of €8m to support e-government, innovation in management
    June 1, 2023
    Egypt hosts InnoXera Summit on education in artificial intelligenceage
    Egypt hosts InnoXera Summit on education in artificial intelligenceage
    June 1, 2023
    Egyptian economy offers great competitive advantage, diversified investment opportunities: Ayman Soliman
    Egyptian economy offers great competitive advantage, diversified investment opportunities: Ayman Soliman
    June 1, 2023
    Egypt's new membership in New Development Bank enhances South-South cooperation: Al-Mashat
    Egypt’s new membership in New Development Bank enhances South-South cooperation: Al-Mashat
    June 1, 2023
  • Politics
    PoliticsShow More
    1 Egyptian security personnel, 3 Israeli soldiers were killed in border shooting
    1 Egyptian security personnel, 3 Israeli soldiers were killed in border shooting 
    June 3, 2023
    India train crash kills at least 207, injures hundreds 
    India train crash kills at least 207, injures hundreds 
    June 3, 2023
    Madbouly reaffirms Egypt’s unwavering assistance for Palestine
    Madbouly reaffirms Egypt’s unwavering assistance for Palestine
    June 1, 2023
    Egypt reiterates firm position in support of Palestinian cause: Shoukry
    Egypt reiterates firm position in support of Palestinian cause: Shoukry
    June 1, 2023
    Egypt and France discuss joint cooperation in the health sector
    Egypt and France discuss joint cooperation in the health sector 
    June 1, 2023
  • Interviews
    InterviewsShow More
    EFG Finance to launch unified platform gathering all its financing services: Alaa Al-Afifi
    EFG Finance to launch unified platform gathering all its financing services: Alaa Al-Afifi
    May 31, 2023
    I changed my artistic path to create ‘state of wonder’: Tarek Lotfi
    I changed my artistic path to create ‘state of wonder’: Tarek Lotfi
    May 25, 2023
    I adore Ramadan drama, ‘Telt Al-Talata’ series achieved great success: Ghada Abdel Razek
    I adore Ramadan drama, ‘Telt Al-Talata’ series achieved great success: Ghada Abdel Razek
    May 8, 2023
    We aim to establish Egypt as nearshore centre for Software AG for MET region: Rami Kichli
    We aim to establish Egypt as nearshore centre for Software AG for MET region: Rami Kichli
    April 29, 2023
    Egypt-Spain relations witness remarkable development in recent years: Spanish ambassador in Cairo
    Egypt-Spain relations witness remarkable development in recent years: Spanish ambassador in Cairo
    April 18, 2023
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: Gahez Market’ e-commerce platform debuts in Egypt
Share
Notification
Latest News
1 Egyptian security personnel, 3 Israeli soldiers were killed in border shooting
1 Egyptian security personnel, 3 Israeli soldiers were killed in border shooting 
Politics Egypt
India train crash kills at least 207, injures hundreds 
India train crash kills at least 207, injures hundreds 
Politics Breaking News World
Adding flavour of innovation to F&B industry in Africa
Adding flavour of innovation to F&B industry in Africa 
Women
Egypt’s Women on Boards Indicator records 19.7% in 2022 with 3% growth
Egypt’s Women on Boards Indicator records 19.7% in 2022 with 3% growth
Women
Suez Canal Bank signs protocol with Chinese TEDA to support investment in SCZone
Suez Canal Bank signs protocol with Chinese TEDA to support investment in SCZone
Banking
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Business > Gahez Market’ e-commerce platform debuts in Egypt
Business

Gahez Market’ e-commerce platform debuts in Egypt

Daily News Egypt
Last updated: 2021/08/15 at 6:38 PM
By Daily News Egypt 3 Min Read
Share
SHARE

Gahez Market, B2B e-commerce platform, started operation in Egypt on Saturday, offering a large assortment of merchants of different products including garments, leatherware, and accessories. It also coordinates financing, shipping, and logistics services.

The platform started its trial operation in July.

Wael Alma, founder and chairperson of the Company, said that over 5,000 stores have registered on the platform so far, although the company has been in trial operation.

Some shop owners have reported that the platform represents a great value to them, as it links them to factories directly without an intermediary. Moreover, it enables them to purchase at a lower cost, and provides them with a variety of items, with the possibility of purchasing smaller quantities that help them maintain an economic stock that reduces their financial burdens.

Gahez Market enables factory owners to reach a larger customer base than traditional methods. It also solves the problem of collecting delayed sales, and relieves them of the burden of logistics. The number of Egyptian factories producing clothes, bags and shoes is estimated to be 4,200 factories, in addition to small workshops that are in greatest need of direct marketing. The website ensures the payment and collection of their sales. The volume of clothing trade in Egypt, according to what was previously announced, is approximately EGP 300bn.

He added that Gahez Market aims to expand outside Egypt starting next year. He noted Egypt has a great opportunity to grow its exports to many markets in Africa, South America, and the Middle East. However, this expansion would be difficult through traditional methods, especially with the changes that occurred in the world after the Coronavirus pandemic.

He has 23-year experience in Li & Fung Company, the largest international company in the field of international trade in clothes, shoes, and furniture.

Alma chairs and participates in several companies working in the production and export of spinning, weaving, and clothing. He is the president of the Egyptian Cotton Association, which is responsible for managing and marketing the Egyptian cotton logo, and the former head of the Industry Committee of the Egyptian Businessmen’s Association.

You Might Also Like

Suez Canal Bank signs protocol with Chinese TEDA to support investment in SCZone

Egypt, GIZ sign agreement of €8m to support e-government, innovation in management

Egypt hosts InnoXera Summit on education in artificial intelligenceage

Egyptian economy offers great competitive advantage, diversified investment opportunities: Ayman Soliman

Egypt’s new membership in New Development Bank enhances South-South cooperation: Al-Mashat

Share this Article
Facebook Twitter Email Print
Previous Article Cairo-New Delhi trade exchange grows to $1.10bn in Q1 2021, despite COVID-19 impact: Indian Ambassador
Next Article Taliban in power ‘again’, as Afghanistan President AshrafGhani leaves for Tajikistan
Ad image
Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

1 Egyptian security personnel, 3 Israeli soldiers were killed in border shooting
1 Egyptian security personnel, 3 Israeli soldiers were killed in border shooting 
Politics Egypt
India train crash kills at least 207, injures hundreds 
India train crash kills at least 207, injures hundreds 
Politics Breaking News World
Adding flavour of innovation to F&B industry in Africa
Adding flavour of innovation to F&B industry in Africa 
Women
Egypt’s Women on Boards Indicator records 19.7% in 2022 with 3% growth
Egypt’s Women on Boards Indicator records 19.7% in 2022 with 3% growth
Women
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?