MANAMA: Bahrain Car Parks Company (Amakin), a key player in the parking management and real estate sector, has signed a partnership agreement with Mazad, a Bahrain-based public auction specialist company, to organise and manage public auctions of Amakin’s non-core business properties.
The strategic partnership will enable buyers to get exclusive and best rates in the market for Amakin in demand assets. Moreover, this key collaboration will stimulate and boost investments, while creating fierce competition in the kingdom. The project will be open to buyers online ensuring a safe and seamless experience.
Bahrain Car Parks Company chief executive Tariq Aljowder said, “Our partnership with Mazad reflects our underlying commitment in the market to promote the principles of transparency, fairness and competitiveness across key sectors in the kingdom.”
Mazad CEO Talal Aref AlAraifi said: “We are pleased to have partnered with one of Bahrain’s key players within the real estate sector. This further diversifies our asset-sale portfolio, and is another step towards achieving our goals. The platforms we provide in partnership with the renowned player in this sector supports facilitating market growth, efficiency and revenue optimisation.”
The live auction is due to kick off on January 16. Auction details will be announced soon.
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