According to the Managing Director of a leading UAE-based automotive aftermarket distributor, the trade ties between Indonesia and the United Arab Emirates (UAE) is boosting in prosperity with profitable opportunities in the auto parts industry.
As reported by Mohammed Ahmed bin Adbul Aziz Al Shehhi, Undersecretary of the UAE Ministry of Economy, who met with the Indonesian Ambassador Salman Al Farisi pointed out that the UAE is seen as the largest Arabian trade partner for Indonesia, where amount of trade exchanged between them reached 3.2 billion the previous year.
UAE-Indonesia bilateral trade has carried on escalating year by year, with the UAE investing as much as 11 billion in various sectors within the Indonesian market.
Asad Badami, Managing Director of A-MAP, a local distributor of vehicle spare parts, has stressed the opportunities coming out of the relations that companies like his can leverage, particularly in the automotive industry.
“Indonesia had a commendable performance during the global downturn which is certainly a draw for investors seeking to service the lucrative ASEAN market, and creates a level of confidence that was very important throughout the crisis,” Badami said.
“New reports are suggesting that Indonesia will emerge as the largest automotive market in the ASEAN region by 2019, and certainly provides ample tie-up opportunities for companies like A-MAP which seek to supply quality aftermarket vehicle components in other regions,” he added.
It is worth mentioning that A-MAP is already the exclusive authorized dealer and distributer of the European-engineered, Indonesian-made FENIX high performance tyres which have been certified for the UAE. With the UAE’s climate one of the detrimental factors affecting tire performance, FENIX tires have a very well designed tread pattern and have been engineered using cutting edge technology to withstand the heat.
A-MAP, which has more than doubled in size since 2010, specializes in the distribution of automotive batteries, tires, spare parts and lubricants. Its significant brand names include Solite batteries, Asimco brake pads, Fenix tires, and RBI rubber products.
According to the Oxford Business Group, though the IMF has lowered its growth forecast for the Indonesian economy to 5.5-5.9%, the government is projecting a rebound in 2014 with GDP set to rise by 6.4% – indicating Indonesia’s automotive sector could get a further jump start in 2014. Its expanding middle class and broadening economic base are just two of the driving forces behind the rapid expansion of its automotive industry.
“The healthy growth of Indonesia’s economy and its strong bilateral trade ties with the UAE will certainly boost our capabilities to supply Indonesian-made car components, like FENIX tires, to the UAE – especially as companies continue to look for regional partnerships,” Badami added.
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