Dubai Hosts Largest Used Car Market

  • Publish date: Thursday، 22 December 2022
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Dubai hosts the region’s biggest automotive trading hub and the largest used car market at Jebel Ali Free Zone (Jafza)

The free zone facilitated over 1.2 million metric tonnes (MT) from Dubai’s total volume of around 4.8 million MT of vehicle & transport commodities transited through the emirate in 2021. This equates to USD12.4 billion, more than a third of the total trade worth USD31.3 billion.   

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With companies from 70 countries and a workforce of nearly 8,000, Jafza has giants such as Ford, General Motors, Honda, Hyundai, Nissan, Mitsubishi, Volkswagen and Volvo.

The free zone’s multimodal ecosystem connects traders with more than 260 airports via Al Maktoum International Airport and over 150 ports with direct services to Jebel Ali Port. It also gives them access to the GCC road network and the Etihad Rail that will commence operations in 2023 and has the Jebel Ali Rail Terminal among the first stations in its network. 

Additionally, smart trading solutions and benefits such as 0 per cent VAT and corporate tax help businesses operate efficiently as international distribution centres.

The UAE’s used car market is expected to reach AED 112 billion in revenue by 2025. As long as this demand exists, DP World, through its UAE assets will continue recording tremendous growth in the coming years for the automotive sec

This article was previously published on UAE Moments.To see the original article, click here

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