Dubai generates AED31.8 billion in automotive spare parts trade

DUBAI, 10th June, 2019 (WAM) -- Dubai's Jebel Ali Port has emerged as the UAE's leading hub for the used cars sector, generating some AED31.8 million in automotive spare parts trade, revealed DP World UAE Region.

According to the company, the Emirate of Dubai has proved to be the preferred trade hub in the region for the automotive and spare parts sector, with Jebel Ali Port accounting for 78 percent of the country’s used car imports. It noted that Jebel Ali Port saw 54 percent of the regional throughput, while Jebel Ali Free Zone, Jafza, accounted for 48 percent of Dubai’s total trade value with over 550 companies in over 60 countries for the sector in 2018.

Commenting on the results, Mohammed Al Muallem, CEO and Managing Director of DP World UAE Region, said, "The automotive and spare parts sector are core segments that are leading drivers of economic diversification in the country.

"DP World, UAE Region is committed to helping the industry reach its full potential through our bouquet of world-class services and solutions. We offer our customers the most robust infrastructure for automotive trade in the region, and our value proposition is conveyed by the industry-leading services we provide to the companies registered with us."

Both Jebel Ali Port and NIP feature multi-tier parking facilities with capacities of over 12,000 car equivalent units, CEU, while Jebel Ali Port itself holds over 27,000 CEU with an annual capacity of one million units. Jafza offers over 1.4 million square metres in combined facilities, supporting over 8,500 port customers.

"The integrated multimodal hub we have created with Jebel Ali Port and our Parks and Zones, which include Jafza, Dubai Auto Zone and National Industries Park, is designed to accommodate door-to-door logistics services. These services provide our clients with access to over 3.5 billion customers with export opportunities in over 150 countries, which includes some of the most dynamic emerging economies. We strive to always serve the demand chains in the world today by delivering the best value at the lowest cost," Al Muallem explained.

Jebel Ali Port and Jafza prove to be significant drivers for economic growth in Dubai, accounting for 33.4 percent of Dubai’s GDP.

Jebel Ali Port is the 11th largest container port globally, having handled 15 million twenty-foot equivalent units,TEUs, in 2018 and has the most technologically advanced terminals in the region. Jafza is the primary source of foreign investment into Dubai, accounting for over 23 percent of total Foreign Direct Investment, FDI, inflow into the city.

WAM/ئ /Binsal AbdulKader/Nour Salman