Published: 09/06/2015
Copart, Inc. (NASDAQ: CPRT), a leading online vehicle auction company, today announced the opening of its new Corporate Regional headquarters for the Middle East. The new office is on the same site now as its 26-acre auction facility, with capacity to store over 2,500 vehicles. It houses both the day-to-day operations and customer service areas for its auction business, as well as the management offices for the region. This location is in the centre of the autozone of Dubai Industrial City, with illustrious neighbours such as AW Rostamani, Gargash and Al Habtor, and is close to the future site of Dubai Expo 2020.
Copart opened its first Middle Eastern operation in Dubai, UAE, in 2012, with its first auction there taking place in August of 2012. Moving to this new location will better enable Copart to serve its customers, as the company furthers its commitment to being the region’s leading auto auction company.
“We are pleased to officially open this new office in Dubai,” said Carlos Sabugueiro, Copart’s CEO of the Middle East and Africa. “This investment shows our confidence in and commitment to the region. Like many other companies, we have built our regional headquarters in Dubai because of its prime location, ease of doing business and its visionary leadership.”
Copart has a solid buyer base and a dominant share of the salvage business from its Insurance customers in the Middle East. This new location will enable the company to add value for its buyers and sellers in the region and beyond. “With the addition of this prime location in Dubai, we continue to develop our footprint in the Middle East,” stated Vinnie Mitz, Copart’s president. “We are excited about the opportunity this expansion provides for our buyers and sellers across the globe.”
To find out more, visit our website www.copartmea.com, contact our Corporate Regional office in the Middle East on +971 (0) 4 4592700 or email us on infouae@copart.com.
