New auction firm a “waste of time”

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A new company set up recently to manage auctions in Bahrain was a waste of government resources, according to a top elected official. Mazad (the new company), was set up to organize and conduct auctions in collaboration with internationally renowned auction houses.

It also held Bahrain’s first ever sale of special new private vehicle number plates on April 13, in partnership with Arabian Auction, a subsidiary of Emirates Auction, at Isa Sports City Hall, Riffa.┬áThe car number plates auction sparked anger among some people who took to social media to slam the move as a “waste of money”.

Southern Municipal Chairman Ahmed Al Ansari said that Mazad would need funding to keep it running and wondered where that would come from stating “My legal adviser told me that the mandate of the Tender Board was changed to make it the Auctions and Tender Board a few years ago, to carry out auctions for used furniture, vehicles, or even government property. This means that Mazad would be handling only number plates; what a waste of bureaucratic procedures and an auction”.

 

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