Ras Al Khaimah Department of Finance organizes online auctions

The agreement was signed at the Department’s headquarters by Yousuf Ali Mohamed, Director General of the Ras Al Khaimah Department of Finance, and Abdullah Matar Al Mannaei, Chairman and Managing Director of Emirates Auction, in the presence of a number of directors and officials from both sides.

Faster Transaction Processing

Yousuf Ali Mohamed affirmed that the cooperation agreement with Emirates Auction comes as part of the Department’s efforts to enhance performance and achieve faster transaction processing, fulfilling its mission to provide financial services that support the plans and programs of comprehensive development. It also ensures the effective implementation of financial policies and the use of the best innovative smart systems to meet beneficiary requirements according to the highest global practices and standards. This is in line with the Ras Al Khaimah Government’s commitment to advancing its financial system and offering the best services to the public, following the vision and directives of His Highness Sheikh Saud bin Saqr Al Qasimi, Member of the Supreme Council and Ruler of Ras Al Khaimah, to drive the emirate’s development and progress.

Cutting-Edge Auction Systems

On his part, Abdullah Matar Al Mannaei pointed out that the agreement aims to enhance the framework of cooperation between the two parties in the field of organizing electronic auctions, contributing to the quickest transfer of assets and ensuring the highest returns. He noted that Emirates Auction will dedicate its expertise and resources to serve the Department’s goals, ensuring swift completion of transactions while saving time, effort, and costs, and delivering customer happiness. This will be achieved by applying the highest practices and standards in a highly dynamic and easy manner, yielding rewarding returns for all government departments under the Ras Al Khaimah Government. At the same time, it will allow items to be available for purchase at competitive prices through the use of cutting-edge global auction systems via the internet.

This article has been translated and is not the original content.