In line with its move to end up being a leading global company, Emirates Auction (EA) has revealed the launch of its very first subsidiary business in Egypt, 'Misr Auction'. The move falls in line with the company's expansion strategy, which aims to take advantage of more recent regional and worldwide markets with massive development chances and promising investment potential customers, in order to serve a larger area of existing and possible customers.

Developing 'Misr Auction' shows the company's preliminary step to expand its existence and demonstrates Emirates Auction's achievements over the last 10 years-- including having sold the most pricey 10 car plates on the planet, which has actually placed the company among the most popular local auction companies. 'Misr Auction' will initially focus on organizing and handling realty auctions. Nevertheless, the company will later expand its services portfolio to include auctions on vehicles, collectibles and specialized car plates.

H.E. Abdullah Matar Al Mannaei, Managing Director of Emirates Auction, said, "The remarkable success and the leading position of Emirates Auction in the UAE market has actually provided us the self-confidence to broaden our operations in order to be a global business. We have actually selected Egypt to be our very first growth stop after an in-depth research of the region's promising markets, which showed the need of the Egyptian market to have public and electronic auctions that match the highest levels of professionalism, quality and dependability.".

Al Mannaei even more explained that 'Misr Auction' has excellent possible to achieve quality successes, backed by the tactical advantages of Emirates Auction such as its strong presence, advanced technologies, advanced auction systems-- confirming the new .

subsidiary's dedication to excellence and innovation in arranging electronic auctions that will meet the requirements of a big sector of people who want to buy and sell real estate, goods and cars in Egypt.

"Emirates Auction has made positive effect impact in regards to changing auction ideas in the Arab world by adopting the best international auction systems, like electronic auction systems, which offers vital functions like dependability, transparency and quality to meet the expectations of its clients. We look forward to the success of 'Misr Auction', which will unquestionably be the starting point towards further promoting Emirates Auction's success in the electronic auction sector across vital growth markets in the Arab area and the world, particularly in regards to the sale of vehicle plates of unique numbers," concluded Al Mannaei.

Emirates Auction, which was developed in 2004 in Abu Dhabi, focuses on running automobile and property auctions for the industrial and government sectors, through public or online auctions through its sites which operate in accordance with the highest standards of professionalism, transparency and authenticity. The company has actually greatly added to the advancement of auction principles in the Arab World, supplying imaginative methods that assist in online auctions while ensuring a high level of security and ease of use. The company has made popular achievements in the field of public and online auctions, particularly for car license plates and real estate auctions.