Bahrain: Mazad Launches New Digital Auction Platform
Mazad, a local portfolio company of Bahrain Mumtalakat Holding Company “Mumtalakat” mandated with overseeing the Kingdom of Bahrain’s public and electronic auctions, has announced the launch of its new digital auction platform “Mazad” on Android and iOS devices, as well as its refreshed website (Mazad.app).
It will facilitate the acquisition of assets sold by various government agencies, such as license plates and real estate.
In addition, users will have complete access to all information and documents pertaining to assets for sale and it will allow bidders to complete all auction procedures electronically, from registration and insurance fees to the actual sale including paying the remaining balance and registering the assets online.
The new application encompasses an array of features including the ability to locate assets for sale using Google Maps, as well as an automated bidding feature that allows bidders to set their maximum bid price, after which the system will automatically bid on their behalf until the predetermined price is reached.
Mazad will incorporate new features in the platform which will include adding new auction categories, such as new unique car plate ranges and a variety of real estate opportunities.
