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UAE Freezones Biz News Updates
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UAE-Emirates Auction signs cooperation agreement with Ajman Free Zone
Emirates Auction has signed a cooperation agreement with Ajman Free Zone to
sell the seized cargo at the free zone through online auctions.
The two sides agreed that 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,
and in accordance to the best global practices.
The agreement was signed by Mohammed Al Midhani, Director of the Department
of Inspection and Labor Affairs, and Omar Matar Al Mannai, Executive
Director of Emirates Auction, in the presence of Fatima Salem, Acting
Director-General of Ajman Free Zone.
Commenting on the agreement, Salem said that the agreement with Emirates
Auction is considered another step forward towards smart transformation for
Ajman Free Zone, especially since the online auctions saves both time and
effort, which contributes to enhancing efficiency and facilitating
transactions.
In turn, Al 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.
Al 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.
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.
The signing ceremony was attended by managers and Directors of both side.
August 9, 2018 |
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Courtesy Emirates News Agency (WAM)
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