UAE auto parts firms eye N Africa markets
Dubai, May 29, 2012
UAE-based auto parts traders are eyeing opportunities for business in North African markets following the conclusion of top automotive aftermarket exhibition Automechanika last week in Dubai.
This year saw a huge increase in numbers of potential clients from North African countries visiting the A-Map, a leading distributor of aftermarket automotive spare parts, automotive batteries, tyres, and lubricants, throughout the exhibition.
“We met with a number of prospective clientele mainly from Egypt, Libya and Algeria. As these markets start to become more stable and open up regionally, there are big business opportunities available for us,” said Asad Badami, managing director of A-Map.
“Obviously the stability and desirable geographic position of the UAE is a huge driving force behind the domestic market as well, and we continue to see growth in the Middle East and especially from Saudi Arabia as its construction boom picks up speed,” continued Badami.
The lack of automotive manufacturing industry within the Gulf region has created a demand for a well-developed and strong re-export trading sector, with companies in this field defying the recession to practically double their numbers over the past six years, a statement said.
“Locally, we met with many government agencies who are seeking suppliers for their fleets, as they are growing in tandem with the increase in the market,” added Badami.
Dubai already has a reputation as an influential re-export hub, while projects such as Abu Dhabi’s recently announced Automobile City are set to further meet the market’s growing demands.
The success of Automechanika Middle East, as well as the significant business growth for A-Map in Europe and the CIS countries, has pushed the company to participate in Automechanika Frankfurt in September.
“Participating at the exhibition in Frankfurt will allow us to see and be seen, on the ground in the European market. We look forward to solidifying our presence and growing the strength of our brands in Europe,” concluded Badami. – TradeArabia News Service