Dubai’s Auto Industry Is On The Rise

Buckle up – Dubai’s car business is well-placed for major growth.

It’s a widely known incontrovertible fact that city is car-crazy, however the fixation interprets into sturdy business chance. likewise as jactitation a healthy domestic demand for brand new, premium vehicles, the UAE is growing AN car export business that's utterly placed to serve rising markets in continent and therefore the Near East.

A culture of automotive lovers

Step into The city Mall on any given day and therefore the most wanted selfie isn’t essentially with a celeb or piece of dressmaking any longer – it’s with a automotive.

The Tesla X, to be actual – a newcomer to a rustic that takes its driving seriously. The SUV with the pop-up doors will be purchased at a pop-up location within the world’s largest mall, wherever happy shoppers crowd to catch a glimpse, or even place AN order.

Elon Musk, from the planet Government Summit 2017 in city, foreseen that Tesla (his company), would invest tens of countless greenbacks within the UAE for charging stations and sales over future many years. "By next year, you’ll be ready to travel anyplace within the GCC with an electrical vehicle," he said.

Why the center East could be a crucial market

While some car business leaders area unit wanting to the expansion potential of the UAE, masses area unit already reaping its rewards.

The Middle East boasts the best per capita defrayal on luxury vehicles than the other region within the world. In the UAE, one in six cars oversubscribed is from a premium whole, with BMW, Audi, and Mercedes in highest demand. What’s a lot of, the desert life pumps up the SUV market: one in 2 cars purchased within the UAE could be a dune-ready SUV.

The Emirates represents just below 1 / 4 of the GCC automotive sales market, second solely to its next-door neighbour Kingdom of Saudi Arabia. AN calculable one.4 million cars were oversubscribed across the nation in 2016, and figures area unit projected to grow long with sales of two million expected annually by 2021.

The boom is thanks partly to customers that like their cars newer than most: the typical age of AN Emirati vehicle is a smaller amount than eight years, way below the worldwide average of twelve years.

An exciting time for the regional car business

Vitali Bielski, Senior adviser for quality follow at Frost & Sullivan, a probe and consulting company, says a mixture of accelerating sales ANd a maturing car business create it an opportune moment for after-market services to build offerings and introduce new business models to vie with ancient merchandise.

“We expect new corporations providing convenient business models like mobile delivery and installation, one-stop-shops, and fast lubes to vie with ancient business models gift within the market,” Bielski says. He adds that this rising competitive dynamic is golf shot stronger pressure on original instrumentality makers to create elements and supply services that area unit competitive on worth whereas not skimping on quality.

While city is within the thick of its own revving car business, it conjointly plays a essential role at the crossroads of exports. The UAE could be a re-export hub for different geographical region countries likewise as continent. Currently, the UAE re-exports between sixty per cent and seventy per cent of all foreign car elements to different destinations.

“This makes it quite exciting for any car business skilled to profit from these changes and realize new and attention-grabbing ways that to reinforce customers’ journeys,” Bielski says.

With a growing chance within the Near East for brand new vehicle sales, car elements and accessories, likewise as a healthy domestic market within the UAE and its role as a re-export hub, city could be a key town to develop a network.

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