Dubai Auto Zone posts 63 % growth in H1 of 2014
Dubai Auto Zone (DAZ), region’s leading hub for automobiles, has recorded 63 per cent jump in its trade in the 1st half of 2014. The total DAZ trade during the period hit AED 5 billion, an increase of AED 2 billion from the trade DAZ achieved during the same period in 2013. DAZ is part of Economic Zones World and a sister organization of Jafza, the UAE’s flagship Free Zone operation.
Salma Ali Saif Bin Hareb, CEO of Economic Zones World, commenting on DAZ’s impressive growth said, “DAZ’s remarkable growth can be attributed to the excellent service quality and ease of operations that the Zone offers to its customers. The upgraded systems and procedures in DAZ now allow a person to buy a car without any restrictions or taxes, seamlessly. EZW is fully committed to support the growth of auto industry in the region by enhancing and expanding the Zone’s facilities and service capability to enable them to meet growing demand of the auto industry for space at the Zone.”
Ibrahim Mohamed Al Janahi, Deputy CEO of Jafza and Chief Commercial Officer of Economic Zones World said, “Africa remains DAZ’s key market followed by Asia and lately Russia. Our world-class IT infrastructure and business friendly fast procedures provide DAZ customers a cutting edge to win larger market share in the region. DAZ is currently home to more than 420 companies with all its facilities fully occupied. We continue to receive dozens of applications every month for space at the Zone. To meet this growing demand we are planning to expand our facilities soon. In the meantime efforts are on to find a way to accommodate the request of companies who have been waiting to join DAZ for long.”
Jamal Hassan Ibrahim, Senior Vice President, DAZ said, “Dubai is considered as the re-export hub of cars in the Middle East and Africa, therefore, establishing regional headquarters in DAZ for a company dealing in automobiles, makes sense. Japanese cars remain the top selling brands for re-exports because of their high resale value.”
The growth in the auto sector in Dubai is largely driven by growth in population and relative prosperity including growth in per capita income of the population in the Middle East, Africa and the CIS, the markets that DAZ as a hub serves.
According to a recently published industry report the growth in auto sector in Dubai is largely driven by the high quality professional services offered by Dubai entrepreneurs. The major export markets for cars in DAZ between 2005 and 2011 were Tanzania, the Philippines, Burundi and Rwanda.
Dubai Auto Zone was established in 2000 as a comprehensive market for automotive industry. DAZ is strategically located between the region’s largest seaport and the International airports, as well as, next to the national highway and extensive road network serving all major markets across the GCC. This provides DAZ customers the most efficient multi-modal logistics connectivity, a critical component for any industry or business to prosper.
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Mr Var Prasad Rao (Corporate Editor)