(MENAFN- Khaleej Times) Dubai Auto Zone or DAZ has posted a 63 per cent jump in its trade in the first half of 2014.
Salma Hareb says Economic Zones World is fully committed to support the growth of the auto industry. — Supplied photo
Total DAZ trade during the period hit Dh5 billion an increase of Dh2 billion from the trade DAZ achieved during the same period in 2013. DAZ is part of Economic Zones World or EZW and a sister organisation of Jafza the UAE’s flagship free zone operation.
Salma Ali Saif bin Hareb chief executive officer of Economic Zones World 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 chief executive officer of Jafza and chief commercial officer of EZW 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.”
Al Janahi added: “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 of 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.
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