Thursday 26 November 2020
The Finance Department signs a cooperation agreement with Emirates Auction to organize and manage electronic auctions in the Middle East, under which the company undertakes the task of organizing exclusive auctions for the sale of assets owned by all departments. The agreement was signed at the department’s headquarters today (Thursday) by His Excellency Youssef Ali Mohammed, Director General of the Finance Department, and His Excellency Abdullah Matar Al Mannai, Chairman of the Board of Directors and Managing Director of Emirates Auction Company, in the presence of a number of managers and officials from both sides
Faster execution of transactions
His Excellency Youssef Ali Mohamed emphasized that the cooperation agreement with Emirates Auction comes within the department's endeavors towards improving performance and execution of transactions in order to achieve its mission of providing financial services to support comprehensive development plans and programs, ensuring the effective implementation of financial policies and using the best smart and innovative systems, consumer satisfaction and to develop the financial apparatus and provide the best services to the public in translation of the visions and directives of His Highness Sheikh Saud bin Saqr Al Qasimi, member of the Supreme Council and Ruler of Ras Al Khaimah, to further the development of the emirate.
His Excellency Abdullah Matar Al Mannai indicated that the agreement aims to strengthen the frameworks of cooperation between the two sides in the field of organizing electronic auctions, contributes to transferring assets in the fastest time and securing the highest return, Emirates Auction will harness its expertise and energies to serve The department's objectives, in a way that guarantees the speed of achievement, shortening the time, effort and costs associated with it, applying best practices and standards with high dynamism and with utmost ease, and achieving higher returns for all government departments operating under the umbrella of the government of Ras Al Khaimah, as well as making movables available to those wishing to buy At competitive prices, through the use of the finest global bidding systems online.