RTA raises AED25 million in its 96th Open Plates Auction - Emirates24|7

RTA raises AED25 million in its 96th Open Plates Auction

The Roads and Transport Authority (RTA) announced that its 96th Licensing Open Plates Auction held on 30th September, had raised a total revenue of AED24.8 million where 80 eye-catching plates were put under the hammer.

Four licensing plates have acquired the lion share of revenues in the auction, which saw fierce competition between bidders hailing from the all community segments.

Ahmed Bahrozyan, CEO of RTA’s Licensing Agency, said: "The AED24.8 million revenue raised from the 96th Open Auction reflects the remarkable popularity of such commercial activity organized by RTA.

The licensing number (R 111) has yielded the highest return of AED2.65 million, while the license number (F 999) generated an income of AED1.06 million.

The license number (M 7777) was sold for AED800,00, while the license number (N 1000) was exchanged for AED800,000. The rest is covered by other distinctive plates.”

"The number auctions organized by the RTA are characterized by transparency and enthusiasm. They measure up to the aspirations of customers who seek exclusivity in this regard.

Such auctions suffice the needs and aspirations of number plate enthusiasts, and reflect RTA’s keenness to realize its third strategic goal of “People Happiness,” added Bahrozyan.

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