Emirates Auction launches fourth company in Bahrain

Monday 10 April 2017
HE Abdulla Matar Al Mannaei, Chairman of Emirates Auction

Dubai - MENA Herald: Emirates Auction, a Middle East leader in organizing and managing auctions and e-auctions, announced the launch of its first subsidiary in the Kingdom of Bahrain, under the name of “Arabian Auction.”

Emirates Auction said the launch of its new company, which will begin its operations in the next few days, compliments its expansion plans and its remarkable success through its presence in the UK, Egypt and Qatar.

It explained that “Arabian Auction” will specialize in organizing and managing auctions and e-auctions to sell vehicles, distinctive vehicle plate numbers, property, liquidation of assets projects, distinctive mobile phone numbers, jewellery, antics, heavy machinery and construction and manufacturing equipment.

HE Abdulla Matar Al Mannaei, Chairman of Emirates Auction, said that establishing Arabian Auction in Bahrain represents a systematic extension of the regional and international expansion Emirates Auction seeks, and comes after the remarkable success achieved by the mother company in establishing its first three branches in the UK, Qatar and Egypt.

Al Mannaei added: “The launch of our fourth company under the umbrella of Emirates Auction is an indication of the acceleration of the company’s operations, its significant performance, growth and reputation in the UAE and abroad, since its launch in 2004.”

Al Mannaei said that the decision to establish "Arabian Auction" came after a detailed study of the Bahraini market, which revealed the existence of promising growth opportunities and prospects for investment to serve a wide range of clients, stressing the company's keenness to provide the Bahraini market with the latest competitive bidding systems in the world, and the highest standards of quality, professionalism and reliability.

In its first stage, Arabian Auction will focus on the organization and management of auctions for vanity plate numbers, and will later expand its scope of work to include other goods, property and asset liquidation projects, taking advantage of the Emirates Auction experience, large capabilities, strong presence and sophisticated technologies and systems, which allow it to achieve qualitative successes in accordance with clear plans and a well-thought out timeline.

Since its inception, Emirates Auction has succeeded in organizing a large number of auctions. One of the most significant auctions saw the sale of the world’s top 10 most expensive distinctive vehicle numbers, which allowed it to become a regional leader in the industry. In a short period of time, the company exceeded all expectations and achieved record accomplishments, including the entry to the Guinness Book of Records, seven times, and offering higher returns on the goods sold in auctions to its customers from the public and private sectors, to reflect its commitment to the highest standards of in customer service.

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