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Euro Auctions expands footprint into the Middle East

Posted on 13 Jan 2023. Edited by: John Hunter. Read 1375 times.
Euro Auctions expands footprint into the Middle EastNorthern Ireland-based Euro Auctions Group, an operator of auction sites for industrial plant, construction equipment and agricultural machinery in the UK, Germany, Spain, Australia, Middle East, and the USA, is expanding its global operation with the establishment of a large auction house in the UAE.

The new facility extends to over 43,000m2 with facilities for handling all aspects associated with the sale of industrial plant, construction and agricultural machinery, from transportation to minor repairs.

Located in the Khalifa Economic Zone in Abu Dhabi, by collaborating with Abu Dhabi Customs and KEZAD Group, Euro Auctions will also have a proportion of the yard categorised as a bonded warehouse, offering import and export customers the same advantages as a ‘Free Zone’ operation.

Richard Sweatt, Euro Auctions general manager Abu Dhabi, said: “We are delighted to announce the agreement with KEZAD Group and are proud to open our largest regional auction site in Abu Dhabi which will provide Euro Auctions with a significant strategic advantage in the region. For UAE customers, this means they no longer have the documentation requirements to deliver and collect equipment from the auction site and they will also have easy access to come and inspect the stock prior to the auction day.”

“We look forward to enhancing our service offering for local customers and to growing our international footprint thanks to Abu Dhabi’s strategic location and KEZAD Group’s streamlined and cost-effective connectivity to major markets, and this new auction house will contribute to the growth of this strategic sector.”

As a leading auctioneering company in Europe for heavy equipment, Euro Auctions has operations worldwide, conducting more than 60 auctions per year and markets to an international audience from over 100 countries due to its strong online presence.

Auctions are a quick and efficient way to sell unused or surplus stock, with quick pay-outs enabling companies to quickly reinvest the capital back into their business. From a buyer perspective, they can pick from a wide variety of equipment all in the one place. The first sale at the new Abu Dhabi location will take place at the end of April.