Honiara, 12 July 2024- Pacific Tenders, a leading tendering platform, is set to launch its new website and rebrand as APAC Tenders on 12 July 2024, marking a significant expansion into the burgeoning Asian market. This strategic move comes as the Asia Pacific procurement market is projected to grow 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 enable the company's existing international subscribers in the Asia Pacific region to access a broader range of opportunities and resources. Key functionalities like the Tender Alert Service, Buyer One-Off Advertising, and the exclusive Buyer Portal will be retained, ensuring a seamless transition for current users.

The expansion aims to unlock new opportunities for subscribers, facilitate business growth and diversification, and provide 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 witnessing significant growth in infrastructure investments, with an estimated USD 1.7 trillion needed annually until 2030. Key sectors like construction and real estate, energy and utilities, and technology and digital transformation present lucrative opportunities for businesses.

E-procurement adoption is also surging in the region, with the market expected to expand at a CAGR of 12.5% from 2023 to 2028. This trend highlights 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 paved the way for its expansion into the wider Asian market.

Smooth Transition for Existing Users

Current account holders will experience 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.