Emirates Auction has signed a cooperation agreement with Ajman Free Zone to sell seized cargo at the free zone through online auctions.
As per the agreement, Emirates Auction will organise online auctions to sell cargo that has been seized based on orders from the Judicial Committee that falls under the Dispute Settlement Committee in the Ajman Free Zone.
The agreement was signed by Mohammed Al Midhani, director of the Ajman Free Zone’s department of inspection and labour affairs, and Omar Matar Al Mannai, executive director of Emirates Auction, at the Ajman Free Zone headquarters, in the presence of Fatima Salem, acting director general of Ajman Free Zone.
The signing of the agreement was also attended by Rabi Al Suwaidi, deputy director of marketing and public relations at Ajman Free Zone, Shamsa Al Dhahiri, executive director of business development at Ajman Free Zone, and Waleed Al Hosani, head of contracts and procurement department at Ajman Free Zone, in addition to a number of managers and directors from Emirates Auction.
Fatima stated that the agreement with Emirates Auction is considered another step forward towards smart transformation for Ajman Free Zone. She said that online auctions save both time and effort, which contributes to enhancing efficiency and facilitating transactions.
Mannai said that the company is keen to sell the seized cargo of Ajman Free Zone in accordance to the best standards, which will ensure that the free zone will witness attractive returns, as well as provide bidders the opportunity to purchase the cargo at competitive prices. He added that the cooperation with Ajman Free Zone represents a great addition to the list of partners for Emirates Auction, and it reflects the prominent reputation of the company’s services in the country and the region.
Mannai stated that Emirates Auction is keen to continue the positive growth of the company by working to achieve the goals of its partners and clients, as well as attract bidders to participate in the online and public auctions organised by the company, which has allowed Emirates auction to build an impressive track record of achievements and successes for the company and for its patrons since its launch in 2004.
Through this cooperation agreement with Emirates Auction, the Ajman Free Zone looks to implement the best global practices for selling seized cargo based on judicial orders, which will benefit the community and generate revenues for investment in the free zone, in addition to providing potential bidders with the opportunity to purchase the cargo at the best prices.