Sandan, a real estate and investment company from Oman, recently entered into an agreement to begin building a new indoor auto auction center. This new center will be completely electronic ready and have sections for auto repair and warehouse areas.
The value of the expansion agreement is about $3.8 million, and the construction process will be carried out by the Omani-Lebanese company. The projects, which are being constructed in Halban, are aimed to be completed in eight months.
Ali Hassan Sulaiman, CEO of Sandan, said, "In response to the increasing demand by investors for Sandan city units, especially the large auto repair shops and warehouses, the company has added new units to meet the needs of investors, especially in the areas related to cars including workshops to repair vehicles, and exhibitions."
“The company has tended to establish the first project of its kind in the Sultanate, which is an indoor car auction house equipped with all modern systems and will be managed via the internet to match with the best houses in the world specialised in buying and selling cars through open auctions.”
Sulaiman continued saying that the house will be run by the American company, Copart.
“Copart–Oman is a pioneer company in the online car auction and Sandan recently signed an agreement with it in preparation for the start of construction and equipment,” Sulaiman said.
He added that the car auction house aims to support the car exhibitions in the city, which is the largest gathering for buying and selling cars.
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