Honiara, Guadalcanal, July 31, 2024 – Pacific Tenders, a prominent tendering platform, is set to unveil its new website and rebrand as APAC Tenders on July 12, 2024, marking a significant expansion into the burgeoning Asian market. This strategic move aligns with the projected growth of the Asia Pacific procurement market, which is expected to rise from USD 1.9 trillion in 2022 to USD 3.1 trillion by 2028.
Strategic Expansion and Enhanced Features
The rebranding to APAC Tenders will empower the company’s existing international subscribers in the Asia Pacific region to access a wider range of opportunities and resources. Key functionalities, such as the Tender Alert Service, Buyer One-Off Advertising, and the exclusive Buyer Portal, will remain unchanged, ensuring a smooth transition for current users.
This expansion aims to unlock new opportunities for subscribers, fostering business growth and diversification, and providing buyers with a more extensive supplier base. By bridging the gap between the Pacific and Asian markets, APAC Tenders aims to create a more integrated and efficient tendering ecosystem.
Market Potential in Asia
The Asia Pacific region is experiencing substantial growth in infrastructure investments, with an estimated USD 1.7 trillion needed annually until 2030. Key sectors such as construction and real estate, energy and utilities, and technology and digital transformation offer lucrative opportunities for businesses.
E-procurement adoption is also on the rise in the region, with the market projected to expand at a CAGR of 12.5% from 2023 to 2028. This trend underscores the increasing demand for digital platforms like APAC Tenders to facilitate efficient and transparent procurement processes.
Pacific Tenders’ Robust Foundation
With over 200,000 regional website visitors and more than 1,000 unique viewers each week, Pacific Tenders has established a strong presence in the market. This solid foundation has laid the groundwork for its expansion into the wider Asian market.
Smooth Transition for Existing Users
Current account holders will enjoy a seamless transition to the new platform, retaining access to their accounts and data using existing login credentials. Detailed instructions for accessing the new platform will be provided in the coming weeks.
For more information, visit www.ApacTenders.com.
Media Contact
APAC Tenders
+677 38229
Henderson Court, Honiara, Solomon Islands
Source :APAC Tenders