In a significant move to bolster its digital ecosystem, the Ras Al Khaimah Economic Zone (RAKEZ) has announced a strategic partnership with Peko, a UAE-based B2B e-commerce platform. This collaboration aims to provide the more than 23,000 businesses within the RAKEZ community with advanced digital tools to streamline their procurement processes, driving efficiency and cost savings.
A Strategic MoU for Digital Transformation
The partnership was formalized through a Memorandum of Understanding (MoU) signed by Ramy Jallad, Group CEO of RAKEZ, and Eng. Kamal Al Mikdad, Co-founder and CEO of Peko. The agreement underscores RAKEZ’s commitment to enhancing its value-added services and fostering an environment where SMEs can thrive by leveraging modern technology. By integrating Peko’s specialized platform, RAKEZ is directly addressing the operational challenges many small and medium-sized enterprises face in managing their essential supplies.
“Our collaboration with Peko is another step forward in our mission to provide holistic support to our clients,” said Ramy Jallad. “In today’s fast-paced business world, efficiency in operations is not just an advantage; it’s a necessity. Peko’s platform offers a simple yet powerful solution for our SME community to digitise a crucial part of their business, allowing them to focus more on growth and innovation.”
How Peko Simplifies SME Procurement
Peko is a B2B marketplace designed to be a one-stop-shop for office, pantry, and cleaning supplies. The platform tackles common procurement pain points such as fragmented purchasing, lack of spending oversight, and time-consuming administrative tasks. By centralizing these functions, Peko empowers businesses with greater control and insight over their operational expenditures.
Key advantages of the Peko platform include:
- Centralized Purchasing: Access to a wide range of verified suppliers on a single platform, eliminating the need to manage multiple vendors.
- Data-Driven Insights: A comprehensive dashboard provides analytics on spending patterns, helping businesses identify opportunities for cost savings.
- Streamlined Invoicing: Consolidated invoicing simplifies accounting and reduces administrative burdens for finance teams.
- Enhanced Efficiency: Automating the procurement lifecycle frees up valuable time for business owners and employees to concentrate on core activities.
About RAKEZ
The Ras Al Khaimah Economic Zone (RAKEZ) is a powerhouse business and industrial hub in the UAE that offers customisable solutions to free zone and non-free zone businesses in a multinational community. It is one of the largest economic zones in the region, home to over 23,000 companies from more than 100 countries, covering over 50 industries.
About Peko
Peko is a UAE-based B2B e-commerce marketplace dedicated to simplifying the procurement of office, pantry, and cleaning supplies for businesses. Co-founded by CEO Eng. Kamal Al Mikdad, the platform aims to become the leading procurement partner for companies across the MENA region by offering a seamless, data-driven, and efficient purchasing experience.
Looking Ahead
This partnership between a major government-backed economic zone and a homegrown tech startup is a strong indicator of the UAE’s maturing digital economy. By equipping its vast SME base with practical digital tools, RAKEZ is actively contributing to the nation’s broader digitalization agenda. For Peko, this collaboration provides a significant launchpad, granting it direct access to a large and diverse client base and solidifying its position as a key enabler for business efficiency in the region.
Source: My Startup World
.jpg "Egypt’s MUST University Wins National Enactus Competition with Bokra Project")
