A Global Business Development Company Exclusively Based Upon Latest Innovation
Facilitators & Enablers of Technology Transfer, MEGA Projects & International Trade
AUTOMOTIVE ACCESSORIES & PARTS
Dubai is an 'Engine for Growth' for the global automotive industry. NEWVision Ventures International is perfectly positioned for opening doors in the Middle East & Africa markets for the USA based automotive industry manufacturers.
THE MIDDLE EAST & AFRICA AUTOMOTIVE INDUSTRY
The Middle East is expected to reach
27,000,000 Automobiles
by 2023
including;
18 million cars
and
9 million commercial vehicles
According to ‘Aranca’, a global research company.
CONNECTING U.S.A. BASED MANUFACTURERS WITH DISTRIBUTORS IN THE MIDDLE EAST & AFRICA
Khan Business Development Company seeks leading automotive parts & accessories manufacturers from the USA that offer innovative and breakthrough products utilizing the latest technology and are pioneers in their respective specialties.
We then align them with the most competent and well-suited MENA based distributors, agents, or even JV partners as per the situation and requirements on a case-to-case basis.
Dubai is the world’s top distribution hub for all major industries today and offers state-of-the-art infrastructure and world class services through its highly accomplished professionals and experts from all industries.
The Automotive accessories and parts industry sector has also seen unprecedented growth in the MENA region and exponential growth is forecast for the future as well.
WHY DUBAI IS A GREAT ‘WORLD CLASS HUB’
SOME MORE VITAL FACTS ABOUT
THE MIDDLE EAST & AFRICA AUTOMOTIVE INDUSTRY
-
$15 billion – The market for car accessories, parts and services in the Middle East was valued in 2018
-
$16.8 billion - Forecasts by Frost & Sullivan indicated that MENA demand for auto spare parts would reach in 2020.
-
1.8 million vehicles - The number of light, medium and heavy commercial vehicles in the Gulf region in 2020
-
$3.38 billion – The demand for commercial vehicle spare parts, which reached in 2014 and was
-
$5.49 billion - Expected to reach by 2020
-
8.4 % - Annual growth rate expected in the future.
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$18 billion - The after-sales services market expected to reach by 2023.
According to Dubai Customs, Dubai's trade volume of auto parts and accessories reached;
-
1.9 million tons,
-
$10.3 billion - Valued in 2018.
This includes imports of:
-
Auto Parts
-
Accessories
-
Batteries
-
Tires and
-
Engine components.
THE DUBAI AUTOMOTIVE INDUSTRY SECTOR SITE
The total area dedicated to the automotive and spare parts sector in Dubai Industrial City covers more than 37m square feet.
MORE FACTS ABOUT THE INDUSTRY IN MENA
With a surge in international shipping costs, businesses need to find the most direct and cost-competitive route to key markets. This is why Dubai has become a vital link in the global trade network and a gateway to the region. The ability to reach two-thirds of the world in just eight hours is a compelling reason why the emirate has become an engine of growth for virtually all essential industries.
Dubai Industrial City’s strategic proximity nearby Jebel Ali Port and Al Maktoum International Airport enables companies to reach two-thirds of the world’s population – approximately 5.2 billion people – in eight hours.
Multimillion-dollar infrastructure upgrades completed last year have boosted the district, providing heavy-tow trucks with direct access to major causeways linking the UAE with Oman and Saudi Arabia. Dubai has connected one of the world’s largest markets.
“Dubai’s advantageous geographic position between the east and the west provides numerous benefits to International companies exporting around the world,” said Saud Abu Al-Shawareb, managing Director of Dubai Industrial City.
This comes against the backdrop of long-term industrial growth driven by the UAE’s vision for a diversified economy.
Source for most of the data and inofrmation on this page:
The emirate's location and infrastructure make it ideal for the vehicle re-export market while high local demand for high-end cars fuels further interest.
The total area dedicated to the automotive and spare parts sector in Dubai Industrial City covers more than 37m square feet.
Dubai’s position as a major exporter and re-exporter of vehicles, one that enables manufacturers from Asia, Europe and North Africa to deal with the Middle East, Africa, India and South-East Asia, has sparked global interest.
Dubai Industrial City has become a promising hub for the automotive sector due to its 4.3m square feet of vehicle storage yards, ample supply of spare parts and access to both an airport and popular port.
Automotive players want to establish a foothold in the emirate, with many being drawn by the ease of business, infrastructure, and readily available industrial space.
Meanwhile, the Middle East and Africa’s vehicle service market has seen a steady expansion in recent years as international automotive companies set up shop in the region to tap into demand from cash-rich consumers for high-end cars.
Japan topped the list of partner countries for Dubai's auto parts trade, according to Dubai Customs, with a bilateral trade volume reaching $1.4bn in after-sale products in 2018.
The top five countries in auto spare parts trade include the United States, Germany, South Korea and China.
The automotive industry is one of the six verticals that Dubai Industrial City’s master plan is built around. Many vehicle companies are already based in Dubai or are exploring the possibility of establishing a local presence to meet the needs of their customers.
These companies re-export cars and spare parts to Saudi Arabia, Iraq and other global markets.