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Dubai / WAM
Dubai’s Jebel Ali Port has emerged as the UAE’s leading hub for the used cars sector, generating some AED31.8 million ($8.6 million) in automotive spare parts trade, revealed DP World UAE Region.
According to the company, the Emirate of Dubai has proved to be preferred trade hub in region for automotive and spare parts sector, with Jebel Ali Port acco-unting for 78 percent of country’s used car imports. Jebel Ali Port saw 54 percent of regional thr-oughput, while Jebel Ali Free Zo-ne (Jafza) accounted for 48 per- cent of Dubai’s total trade value with over 550 firms in over 60 countries for the sector in 2018.
Mohammed Al Muallem, CEO and MD 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.â€
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.