Oman to get first indoor vehicle auction house
Sandan signed an agreement with Copart to implement expansion works, including the construction of an indoor vehicle auction house which will be operated electronically
MUSCAT: The first indoor vehicle auction house is coming to Oman next year.
Sandan signed an agreement on yesterday to implement expansion works, including the construction of an indoor vehicle auction house which will be operated electronically as well as warehouse units and large workshops to repair cars.
The value of the expansion agreement is about OMR1.5 million, and the construction process will be carried out by the OmaniLebanese company. The projects, which are being constructed in Halban, are aimed to be completed in eight months.
Ali Hassan Sulaiman, CEO of Sandan, said, “In response to the increasing demand by investors for Sandan city units, especially the large auto repair shops and warehouses, the company has added new units to meet the needs of investors, especially in the areas related to cars including workshops to repair vehicles, and exhibitions.
“The company has tended to establish the first project of its kind in the Sultanate, which is an indoor car auction house equipped with all modern systems and will be managed via the internet to match with the best houses in the world specialised in buying and selling cars through open auctions.”
Sulaiman continued saying that the house will be run by the American company, Copart.
“Copart–Oman is a pioneer company in the online car auction and Sandan recently signed an agreement with it in preparation for the start of construction and equipment,” Sulaiman said.
He added that the car auction house aims to support the car exhibitions in the city, which is the largest gathering for buying and selling cars.
The vehicle auction house is used by exhibitors by finding additional multiple channels for buying and selling and helping to stimulate movement. Copart will manage the auctions; contribute to the creation of an ideal environment for vehicle auctions in the Sultanate, as well as access to the special advantages of the city.
Carlos Sabgero, CEO of Copart, Middle East, Africa and India, said: “Sandan city will expand the company’s business in the Sultanate and will be able to boost Copart’s sales, especially in light of the city’s advantages and the unified services required by both buyers and sellers. Our customers can visit us in the city and inspect the cars they want to compete to buy or offer their cars for sale. An integrated space will be designed for exhibition and inspection.”