The UAE will host Expo 2020!

THE ECONOMY - AUTOMOBILE INDUSTRY

U.A.E.’s luxury auto market dances to its own beat

Posted on 13/08/2014

There are ample reasons to envy a luxury car dealer in the U.A.E.. Chances are whatever be the state of the broader automotive market, the premium car dealerships will still be meeting targets and even exceeding them ... without breaking into a sweat. Based on such parameters, Arno Husselmann is doing singularly well. In recent years, Abu Dhabi Motors, has been rated the top dealership for Rolls-Royce worldwide and has gone about setting exacting benchmarks for the luxury carmaker's hugely ...  >>MORE

Buyers racing to be first to own Emirati-built supercar, the Dubai

Posted on 04/07/2014

Roadster
It is still in the early stages of production, yet potential buyers are already queuing up to buy the first Emirati-built supercar. 
The Dubai Roadster will be sold for about Dh400,000 when it becomes available early next year. Rashid Al Shaali, a former Emirati racing driver who helped to develop the vehicle's design, said as soon as news of the supercar broke, he received dozens of calls. "I've already had four inquiries from people saying they wanted to buy the car ...  >>MORE

Dubai Roadster: UAE’s first supercar set to hit the roads in 2015

Posted on 09/05/2014

An Emirati racing car driver has helped to design the country's first supercar, which will go into production in a matter of months. Rashid Al Shaali, who has competed at several events at Yas Marina Circuit, was one of three people who came up with the idea of the Dubai Roadster three years ago. Now the car is ready to enter production, with the first units expected to go on sale at the Dubai Motorshow next year. There will probably be only 25 cars built initially, each with a retail cost ...  >>MORE

Borouge and Borealis offer global innovative plastics solutions for Volkswagen Golf A7 cars

Posted on 25/04/2014

Borouge and Borealis, leading providers of innovative, value creating plastics solutions, offer polyolefin-based material solutions to help meet the strategic challenges faced by original equipment manufacturers (OEMs) and Tier One suppliers in the automotive industry. The success of the Volkswagen Golf A7 cars best exemplifies the long term global partnership between Borouge, Borealis and the Volkswagen Group. Borouge supplies dedicated material solutions for components in the China-made Golf ...  >>MORE

Car demand strongest in UAE, Middle East

Posted on 16/04/2014

Car sales in the UAE and the rest of the Middle East, Africa and Pakistan (MEAP) region are likely to get a major boost in the next two years, when nearly eight out of every 10 people will buy a new or pre-owned vehicle, a new survey suggests. According to a new study by Nielsen, a global provider of information and insights into what consumers watch and buy, demand for automobiles in the MEAP region, as well as in Latin America, will be the strongest in the world, with 75 per cent of ...  >>MORE

Yaris, Camry... Toyota recalls 95,000 in UAE

Posted on 11/04/2014

Toyota Motor Corporation has recalled nearly 95,000 vehicles in the UAE due to safety and technical problems. The company is recalling 41,377 vehicles of Yaris; 24,804 Hilux, Fortuner, and Innova vehicles; and 28,605 vehicles of Camry and RAV4 models across the UAE, Al-Futtaim Motors, distributor of Toyota vehicles in the UAE, said in statement. The company is recalling vehicles due to faults parts of driver seats, steering wheel and spiral cables. The automobile major said it's recalling ...  >>MORE

Eco-friendly cars to become more popular in UAE

Posted on 04/04/2014

The UAE may have a love affair with the 4x4, but that will change in the coming years as driving an environmentally-friendly car becomes a more attractive option, say experts at a car exhibition. Held on Mohammed bin Rashid Boulevard in Dubai, the exhibition featured about 25 hybrid and electric vehicles either being sold in the country or those that have already been adopted by government agencies. For institutions across the UAE, these vehicles are the means to showcase their ...  >>MORE

Lamborghini, Ferrari and McLaren all set to unveil new supercars in UAE

Posted on 25/03/2014

A fortnight is a long time in the octane-fuelled world of supercars and in the space of two weeks Lamborghini, Ferrari and McLaren will have all revealed their latest models to a local market with a massive appetite for them. McLaren, the Formula One team designer turned road supercar manufacturer, will unveil the 650S in the UAE on Sunday. This comes hot on the heels of Ferrari announcing August delivery dates for its new baby, the California T, and the launch of the Lamborghini Huracan last ...  >>MORE

UAE automobile sector sees 16.7% growth in ’13

Posted on 29/01/2014

The UAE automobile sector witnessed record sales in 2013 and is expected to continue the growth momentum in 2014 on positive economic sentiments, according to an industry specialist. The country will remain the fastest growing automobile market with 16.7 per cent year-on-year growth in 2013, with total industry volume (TIV) of 362,000 compared to 310,304 units sold in 2012, Business Monitor International revealed in its latest revised forecast for 2013 earlier this month. Arabian ...  >>MORE

Jafza seeks to attract more Asian auto majors into the Free Zone

Posted on 11/12/2013

Jebel Ali Free Zone (Jafza), the flagship free zone operation of Economic Zones World (EZW), will be participating in Automechanika Shanghai 2013, being held at Shanghai New International Expo Centre from December 10-13 in China. Jafza will be highlighting Middle East's rapidly growing automotive markets at the international trade fair for automotive parts, equipment and service suppliers. Jafza, as the Middle East region's trade and logistics hub, seeks to attract more Chinese and other Asian ...  >>MORE

UAE auto sales zoom near record territory

Posted on 10/11/2013

Auto sales in the UAE are in line to record its best performance ever by topping the 350,000 units mark this year and erasing the earlier record set in 2008. While retail sales have been consistently high all through the year, recent weeks have seen major fleet orders and thus raising full-year expectations. The auto market is also hopeful that prospective buyers will take a decision now when financing rates are still on the lower side. (There could be some firm up in base rates by early next ...  >>MORE

UAE to remain fastest growing automobile market in the world

Posted on 19/09/2013

The UAE will remain the fastest growing automobile market in the world in 2013 and winning the bid for Expo2020 will be a booster for the sector, according to an industry specialist. Last year, the country also led the growth of global automotive sales as the market witnessed 27 per cent growth with total industry volume (TIV) of 310,304 vehicles. GCC recorded 1.49 million sales. "While the global market is growing by 1.5 per cent this year, the GCC is growing by 10 per cent and this market ...  >>MORE

Jafza companies to benefit from market upsurge

Posted on 18/09/2013

The automotive sector in the Middle East remains upbeat despite turbulence in many countries in the region. Almost every car maker has reported sales growth in double digits, ranging between 20 and 40 per cent in the region right, according to a top official from Jebel Ali Free Zone (Jafza). "The majority of these brands expects over 25 per cent growth in 2013," said Ibrahim Mohamed Al Janahi, Deputy CEO of Jafza and Chief Commercial Officer of Economic Zones World (EZW), the parent company ...  >>MORE

Limited edition Rolls-Royce Phantom Coupe sold only in Abu Dhabi

Posted on 21/08/2013

A ruby-themed Rolls-Royce Phantom Coupe is to go on sale in Abu Dhabi – with a price tag of Dh2.6 million. Dubbed the "Ruby Limited Edition”, the vehicle has been designed as a testament to the gemstone, one of which is featured on its dashboard clock. It is being shipped to the UAE and will go on sale at the Abu Dhabi Motors showroom in Umm Al Nar in the first week of September. Stitched into the vehicle's glovebox is the phrase "Ruby motif – one of one” – a constant reminder to the owner ...  >>MORE

Luxury cars top automotive sales in UAE

Posted on 11/08/2013

Sales of luxury cars in the UAE continue to boom with the country becoming amongst the top global markets, especially for Italian luxury car manufacturer, Ferrari that has once again recorded excellent results in the first half of this year, confirmed by all of the main economic indicators. The UAE is the eighth country worldwide for luxury cars such as Ferrari whose dealer, Al Tayer Motors, with 25 years of representing the brand in the UAE, has become the first importer of this brand the ...  >>MORE

UAE remains strongest auto market in Middle East

Posted on 17/07/2013

The automobile sector continued to record a significant growth in sales during the first six months of the year, including European car manufacturers, who declared a remarkable double-digit growth in the UAE. The UAE market remained the strongest market for a majority of auto manufacturers compared to other markets in the Middle East. German premium brand Audi on Monday announced more than 27 per cent growth in sales in the UAE, compared to 20 per cent in other parts of the Middle East. Audi ...  >>MORE

Dubai's auto spare parts foreign trade jumped to Dh37 billion in 2012

Posted on 12/06/2013

Dubai has succeeded in attracting automotive spare parts trade to become a regional and international hub by virtue of the major cooperation shown to dealers and investors at all of Dubai Customs ports, together with the logistic services that support automotive spare parts at storage and transport operations level, according to a statement issued by Dubai Customs yesterday. The latest figures of Dubai Customs, in conjunction with Automechanika Exhibition being hosted by the Emirate from 11th ...  >>MORE

Ultimate test for high-end cars in Dubai

Posted on 13/05/2013

Future Jaguar and Land Rover concepts and pre-launch models will be put through the most exacting tests in Dubai following the opening of an "extreme weather” engineering facility. It is only the fifth such facility the UK carmaker operates outside of the UK, with the others being in the US (in Phoenix and International Falls), Germany (Nurburgring) and Sweden (Arjeplog). Each vehicle for the European and Mena markets will be certified in Dubai following testing and before going into global ...  >>MORE

UAE auto market to record 27% growth in 2013

Posted on 07/05/2013

The UAE auto market recorded more than 27 per cent year- on-year growth in the first two months of 2013 due to the strong performance of the country's economy in the past three years following the financial crisis with expectations to record sales of 380,000 vehicles in 2013 compared to 305,000 vehicles in 2012 and 243,000 in 2011. According to a report issued by Business Monitor International (BMI), the year-on-year growth in new vehicle sales in the UAE market is estimated at 27 per cent. ...  >>MORE

Car roof tops for Jaguar from UAE

Posted on 24/04/2013

Gulf Extrusions, a leading UAE-based manufacturer of extruded aluminium products, supplies key parts to top range of cars such as Jaguar and Range Rover and has 30 per cent of the market shares, Modar Al Mekdad, General Manager, Gulf Extrusions, told Gulf News on the sidelines of Dubai Aluminium Middle East, the leading exhibition for aluminium products, technologies and investments in the Middle East. "Gulf Extrusions manufactures a complete car roof top for Jaguar and Range Rover in the UAE, ...  >>MORE

UAE accounts for 51 per cent of sales in region

Posted on 16/04/2013

UAE's love affair with the BMW and Mini continues unabated – sales of BMW Group models totalled 3,223 units in the first quarter and made up 51 per cent of the total delivered across the GCC. Abu Dhabi was the top market with 1,906 units. In 2012, just under 9,000 units were sold in the UAE, for a 47 per cent share of the regional tally. "A combination of factors helped – having the right products, constant upgrades to the after-market operations and, most important, building on the ...  >>MORE

Speedy UAE economy seen to lift auto sales to new high

Posted on 08/04/2013

The UAE automobile sector is set for a new all-time high sales record of 380,000 vehicles in 2013 on the back of the country's healthy economy, according to an industry expert. Sales in the UAE recorded around 24 per cent year-on-year growth in the first two months of 2013 and the trend is expected to continue until the end of the year, Arabian Automobiles Company chief executive officer Michel Ayat told Khaleej Times. He said the country witnessed the highest sales of 347,904 vehicles during ...  >>MORE

UAE automobile sector remains in the fast lane

Posted on 02/01/2013

The UAE automobile sector remains in the fast lane, as the country ranked top globally with more than 25 per cent sales growth in 2012 compared to single-digit growth in major markets. Following the buoyant growth in 2012, industry specialists in the UAE expect another positive year ahead. The credit goes to the country's leadership for creating a safe environment that brings economic stability, mainly contributed by the tourism, trade and logistics sectors. It is estimated that the UAE's ...  >>MORE

Toyota recalls more than 65,000 vehicles in UAE

Posted on 11/10/2012

Just over 65,000 Toyota units - of which the bestselling Camry totals 35,647 units - sold in the UAE will come under the latest recall programme announced by the Japanese carmaker for a faulty power window switch defect. These units – which also includes the Corolla, Yaris, RAV 4 and Sequoia - were sold between February 2006 and May 2010. "Following communication with Toyota Motor Corporation, we have begun a customer service campaign on the Power Master Window Switch on some vehicles in the ...  >>MORE

Matching system for used imported vehicles launched by ESMA and ADNOC Distribution

Posted on 02/09/2012

Emirates Standardisation and Metrology Authority (ESMA) and ADNOC Distribution have formally launched technical examination service system for used imported vehicles entering the country to make sure that they meet the UAE standards which also match the GCC and international specifications. The service system entails issuance of inspection certificates for vehicles that match the specifications and standards at all ADNOC's Distribution centres throughout the Emirate of Abu Dhabi as of September ...  >>MORE

UAE automobile sector goes all out this Ramadan

Posted on 24/07/2012

The Ramadan period is the time for blessings. And UAE retailers are making sure that the blessings multiply as they see increased spends from locals and Arab expats in the UAE. Major retailers in the UAE across sectors have unveiled a wide spectrum of offers and promotions during the month, and leading the bandwagon is the UAE's automobile sector. Al-Futtaim, the dealer for brands such as Toyota and Honda, is offering a special package where customers can purchase a brand new Toyota this ...  >>MORE

Classic cars can hit the road under new rules

Posted on 04/06/2012

Classic car owners can dust off their tail fins and get behind the wheel following yesterday's launch of a special registration for vintage vehicles. An unknown number of vehicles are kept in storage because they do not meet today's standards, said Mohammed bin Sulayem, president of the Automobile Touring Club UAE . But Dubai will now apply international specifications tailored to classic cars, with these standards taking into account safety belts, type of fuel and type of brakes. To ...  >>MORE

Automotive sector in Jafza posts 20 percent growth in 2011

Posted on 26/05/2012

The automotive sector in Jafza is estimated to have generated trade worth over Dh14 billion in 2011 posting a growth of over 20 percent against 2010. The automotive sector's robust growth in 2011 reflects the sector's rapid recovery in the year, said Jafza officials at the recently held EZW Customer Forum for Jafza companies in Automotive Industry that comprises auto spares and accessories, automobile and other type of transports and construction equipment and machinery industry segments. ...  >>MORE

6,900 BMWs affected in the UAE to be recalled

Posted on 28/03/2012

Approximately 6900 BMW vehicles are expected to be recalled in the UAE, of which 4297 are in Dubai. This is a part of the global recall by the company, which has affected 1.3 million vehicles. “Approximately 6900 BMW vehicles are potentially affected in our market. The production dates of these vehicles range from 2003 till 2010,” Kevin Hughes, General Manager at AGMC told Emirates24|7. “The safety of our customers is paramount, thus we are contacting our customers via our ...  >>MORE

UAE automobile market may grow up to 10%

Posted on 07/03/2012

Mattar Al Tayer, chairman and executive director of the Roads and Transport Authority (RTA) Dubai, inaugurated the specialist industry event, Commercial Vehicles Middle East, on Tuesday. Running for three days at Dubai International Convention and Exhibition Centre, the exhibition is being staged in tandem with the Commercial Vehicles Conference, creating a dual platform with a double focus on fleet operational efficiency as well as cost savings. A panel of industry experts from leading ...  >>MORE

Luxury car sales accelerate in Emirates

Posted on 10/01/2012

Luxury cars are back in vogue across the Emirates as top-end motor sales accelerated last year - with the UAE accounting for a quarter of global Bugatti sales. Rolls-Royce, Bentley and Bugatti all reported robust sales increases last year compared with 2010. "When the big downturn hit a couple of years back, the market was on its knees," said Bill Carter, the valuations manager at Autodata Middle East, an independent vehicle information provider. "The first area that always recovers is the ...  >>MORE

Carmakers eye robust growth in UAE

Posted on 15/11/2011

Car manufacturers yesterday made their predictions for the future of the UAE automotive industry. "We're expecting the car market to continue with its high level of growth in the UAE. The country is coming back economically and we expect the UAE car market to grow on par with GDP which is about 4-4.5 per cent per annum. "There is a higher demand for rental cars which means more people are coming into the auto market. There's also a trend to turn away from big 4X4s to smaller 4x4s as buyers ...  >>MORE

Toyota recalls nearly 2,000 vehicles in UAE

Posted on 10/11/2011

Toyota's local distributor is looking to recall nearly 2,000 Toyota and Lexus 2004 models in the UAE. The models listed by Al-Futtaim Motors include 929 Toyota Avalon and Camry vehicles and 1,015 Lexus RX330 and ES300 vehicles all 2004 year models. The voluntary service campaign will inspect the vehicles to check and possibly replace the crankshaft pulley on the V6 engine. "We at Al-Futtaim Motors are working closely with Toyota Motor Corporation and are already starting the process of ...  >>MORE

Honda recalls over 2,000 Accord coupes in the UAE

Posted on 10/08/2011

Honda is recalling more than 2,000 of some of its Accord coupe models due to a fault in the automatic transmission that could stall the engine during gear changes. The move allows for a software update to the transmission that would resolve the issue. The recall affects owners of the Accord model sold from 2008 to 2010, and is part of a worldwide recall involving 2.5 million cars in the United States and China. Honda said no injuries or deaths have been reported related to this issue. ...  >>MORE

UAE's automotive industry records high growth in sales

Posted on 08/08/2011

It seems to be a good year for the UAE's automotive industry, with signs that it might outdo the figures for 2010. The UAE automotive market grew by 19.7 per cent in 2010 to US$11.1 billion (Dh40.7 billion) up from US$9.2 billion (Dh33.7 billion) in 2009, according to a recent study by the Ministry of Foreign Trade. Trade in small passenger and luxury cars grew by almost 24 per cent to US$10.6 billion in 2010 compared to US$8.5 billion in 2009, the study summary said. Domestically, car ...  >>MORE

UAE automotive market grew by 19.7% in 2010 to US$11.1 billion

Posted on 04/08/2011

The UAE automotive market grew by 19.7% in 2010 to US$11.1 billion up from US$9.2 billion in 2009, a recent study by the Ministry of Foreign Trade, MoFT, shows. The UAE trade in small passenger and luxury cars grew by 24.4% to US$10.6 billion in 2010 compared to US$8.5 billion in 2009, according to the study which was prepared by researcher Yousef Ziab of MoFT's Analysis and Trade Information Department. UAE's exports of vehicles with more than 9 seats went up by 32.4% to US$181.7 million ...  >>MORE

UAE car sales to rebound strongly in 2011

Posted on 28/06/2011

Car sales in the UAE are expected to rebound significantly in 2011 as the economy recovers from the crisis and experiences the benefit of higher oil revenue, Business Monitor International said in a report. The UAE is expected to see growth continue in the medium term, but the rapid growth in the 2010-2011 period will be unusual due to the tailing off of the rebound and a return to more normal growth patterns in the broader economy and for consumer spending. The new car market is not the ...  >>MORE

New vehicle sales slowdown in UAE

Posted on 13/06/2011

Automobile dealerships in the Gulf could be in line for their worst first-half performance since 2009 as new vehicle sales slow down to a crawl in the UAE. In Bahrain, sales continue to be under extreme pressure as the retail sector reels from the recent upheaval. Saudi Arabia, in contrast, provides the sole silver lining and auto industry sources are hopeful that the second half of June will see heightened activity in the wake of the government's recent cash bonus payments for nationals. ...  >>MORE

Nissan's electric car likely to hit UAE roads by 2014

Posted on 30/05/2011

Electric car aficionados might have to wait until late 2013 or early 2014 before they can drive the Nissan Leaf out of local showrooms. The model, already available in the US and Japan since last Dec-ember, will be making it to the European markets this year. But before they become a regular feature on the UAE — and indeed the Gulf — roads, a slate of requirements need to be gone through, according to a top official with Arabian Automobiles, Nissan's local dealership. "A key requirement ...  >>MORE

UAE car retailers begin preparing for Aldar's Motor World opening

Posted on 23/05/2011

The first phase of Motor World, Aldar's custom-designed destination for new and used car showrooms and servicing facilities in Abu Dhabi, is now being handed over to retailers. All 100 shops, which are all leased, have been completed on schedule and car retailers will now begin the process of fitting out their showrooms as Motor World progresses to its official opening at the end of the year. The second phase of Motor World's development - an additional 100 showrooms - has begun pre-leasing ...  >>MORE

UAE auto industry posts double-digit Q1 growth

Posted on 11/04/2011

The UAE automobiles industry is taking the lead among Gulf countries in average sales growth as it recorded a double-digit growth rate in the first quarter compared to the same period last year. The industry witnessed a 12 per cent growth in sales while Saudi Arabia's rate was flat and Qatar at 1.4 per cent, Ford Middle East director of sales Hussein Murad told reporters on Sunday at a news conference where the US automaker announced its first quarter sales results for the region. Other ...  >>MORE

Page: 1 | 2

RETURN TO TOP | WAM UP TO THE MINUTE NEWS

Quick List

U.A.E.’s luxury auto market dances to its own beat


Buyers racing to be first to own Emirati-built supercar, the Dubai


Dubai Roadster: UAE’s first supercar set to hit the roads in 2015


Borouge and Borealis offer global innovative plastics solutions for Volkswagen Golf A7 cars


Car demand strongest in UAE, Middle East


Yaris, Camry... Toyota recalls 95,000 in UAE


Eco-friendly cars to become more popular in UAE


Lamborghini, Ferrari and McLaren all set to unveil new supercars in UAE


UAE automobile sector sees 16.7% growth in ’13


Jafza seeks to attract more Asian auto majors into the Free Zone


UAE auto sales zoom near record territory


UAE to remain fastest growing automobile market in the world


Jafza companies to benefit from market upsurge


Limited edition Rolls-Royce Phantom Coupe sold only in Abu Dhabi


Luxury cars top automotive sales in UAE


UAE remains strongest auto market in Middle East


Dubai's auto spare parts foreign trade jumped to Dh37 billion in 2012


Ultimate test for high-end cars in Dubai


UAE auto market to record 27% growth in 2013


Car roof tops for Jaguar from UAE


UAE accounts for 51 per cent of sales in region


Speedy UAE economy seen to lift auto sales to new high


UAE automobile sector remains in the fast lane


Toyota recalls more than 65,000 vehicles in UAE


Matching system for used imported vehicles launched by ESMA and ADNOC Distribution


UAE automobile sector goes all out this Ramadan


Classic cars can hit the road under new rules


Automotive sector in Jafza posts 20 percent growth in 2011


6,900 BMWs affected in the UAE to be recalled


UAE automobile market may grow up to 10%


Luxury car sales accelerate in Emirates


Carmakers eye robust growth in UAE


Toyota recalls nearly 2,000 vehicles in UAE


Honda recalls over 2,000 Accord coupes in the UAE


UAE's automotive industry records high growth in sales


UAE automotive market grew by 19.7% in 2010 to US$11.1 billion


UAE car sales to rebound strongly in 2011


New vehicle sales slowdown in UAE


Nissan's electric car likely to hit UAE roads by 2014


UAE car retailers begin preparing for Aldar's Motor World opening


UAE auto industry posts double-digit Q1 growth