Al-Qahtani Auction wins new contracts

Al-Qahtani Auction Co. has been awarded a contract by Saudi Arabia’s General Authority for Civil Aviation (GACA) and Security Aviation Command (SANC) to perform public auctions for 13 airports around the Kingdom, it said in a statement on Wednesday.

The company will be responsible for preparing all sites and organizing public auctions for the following airports: Abha, Rabgh, AlDawadmi, AlAhsa, AlWajh, Yanbu, Najran, AlJaof, Tabuk, Arar, Alqaisoma, AlBaha, and AlQassem.

These auction projects are slated to take place this year, while the rest of 24 airports are planned for 2018, said managing director FalehAlQahtani.

Al-Qahtani Auction has also won a new contract from Al-Rajhi Agriculture and Infrastructure Co. (AlWatania) to perform an auction at Al-Lith city in Q3 2017.

In addition, the companysecured a contract from Yanbu Court to carry out a real estate auction, said general manager Saeed AlQahtani.

Al-Qahtani Auction plans to auction a land plot exceeding 300,000 square meters in area in July, 2017.

Meanwhile, the firm is also bidding for an auction contract from the Execution and Implementation Court in Khobar, it said.

“Al-Qahtani are working on leading a conglomerate of companies to organize, manage, and operate the auction as per the requirements of the Court,” the statement added.