ARDCO Annual Report 2023 English

02. AlTameer Public Transportation Center This center is an intercity bus terminal built on ARDCO’s 150 , 000 m2 land in AlAziziya. Commencing operations in 2001 , it is the Middle East’s largest intercity bus terminal , with retail outlets for traveler shopping as well as office spaces for Hajj and Umrah companies. ARDCO is working to raise its operational capacity through:

03. AlTameer International Car Auction Land Established in 2007 and developed over 240 , 000 m2 of ARDCO-owned land in eastern Riyadh , the auction facility comprise nine auction lanes , supported by a 20 , 000-vehicle storage area. The location offers auctioning and sales centers servicing car financing companies. ARDCO is working to further expand our car auction business through:

01

Pricing policies & strategies review

 Developing the current auction operation by maintaining facilities, expanding the supplier base , and attracting more buyers.

02

Facilities maintenance

 Investing in promising opportunities in underutilized facilities , such as using all nine auction lanes instead of only one , as well as repurposing undeveloped land within the auction.

Repurpose and use underutilized spaces in the most efficient manner

03

 Digitizing all supply chains by creating digital channels , enabling infrastructure , and providing value-added services such as car inspection , photography , and car depots , in addition to delivering cars directly to customers.

Developing operational systems to become interconnectable with financial , regulatory and governmental systems

04

 Building new partnerships to transfer knowledge and adopt the best international practices in the car auction sector.

Explore opportunities compatible with the public transportation strategy

13

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