The UAE capital is facing a massive increase in vehicular traffic, as a result of a 650 per cent increase in the number of cars from 2001 to 2006. The rise in the number of vehicles is also one of the major causes of traffic jams and accidents. The Press and Public Relations Department of …
The UAE’s automobile finance market is worth an estimated US$2.3 billion (Dh8.45bn), according to industry figures. A report published by the Dubai Chamber of Commerce and Industry (DCCI) says the auto finance market has flourished in recent years, leading to banks and companies offering flexible financing contracts with extended repayment periods. The DCCI report sourcing …
The high standards of living and increasing population in Dubai have led to the dynamic growth of the automotive sector. The DCCI membership database as of February 2007, reveals that approximately 365 companies are actively involved in trading of motor vehicles and related items, 2,018 companies are involved in trading of motor vehicle parts and …
High Living Standards, Increasing Population Boost Dubai Auto Sector Read More »
Dubai’s automobile spare parts trading sector recorded an impressive growth of 29.64 per cent in 2007 for a value of Dh18.22 billion, compared with Dh14.05 billion in 2006, according to figures released Sunday by Dubai World’s Statistics Department. The strong growth of the sector has prompted the Statistics Department to take part in the Automechanika …
Dubai Auto Spare Parts Trade Values Dh18.22 Billion Read More »
The latest Statistics released by Dubai World indicated a year on year 30 per cent increase in Dubai’s total direct trade in auto parts and accessories which were valued at Dh 18.2 billion in 2007. This was announced at the Automechanika Academy taking place with Automechanika Middle East, the region’s largest automotive aftermarket exhibition currently …
Abu Dhabi has become the world’s biggest market for Rolls-Royce cars, edging out Dubai and Beijing in sales last year. Rolls-Royce’s Abu Dhabi and Dubai dealerships achieved the highest sales and second-highest sales respectively, said Frank Tiemann, Rolls-Royce’s communications manager for Europe and the Middle East. This was ahead of Beijing and London, which tied …
Abu Dhabi-based International Petroleum Investment Company’s plan to build a refinery in Pakistan is on track, Pakistan’s minister of investment said on Wednesday. “I just had a meeting with IPIC two days ago and they told me the project is on track,” Waqar Ahmed Khan told reporters at a Press conference. In January, International Petroleum …
In a small but significant move towards becoming a global hub of green energy, Abu Dhabi on Monday bought a stake in a Silicon Valley start-up that makes high-performance electric sports cars. Aabar Investments, a subsidiary of government of Abu Dhabi-owned International Petroleum Investment Company, said that it acquired four per cent stake in Tesla …
Electric cars manufactured by California-based Tesla Motors may soon be operating on the streets of Abu Dhabi, reinforcing the emirate’s commitment to cleaner alternative fuel technologies, a senior executive of Abu Dhabi-based Aabar Investments told Gulf News on Tuesday. “Tesla cars are already running successfully in California. Abu Dhabi, through its Masdar initiative, is committed …
Abu Dhabi residents are shunning new car purchases during the global downturn but are buying more consumer goods such as clothing, appliances and food, statistics from Mina Zayed Port show. Vehicle imports slowed dramatically in the second quarter, falling by 81 per cent in April, 83 per cent in May and 86 per cent in …
