About Dubai Motor Show > Market Information
The Middle East is a growing multi billion-dollar market for automobiles, automotive parts, accessories and components. Booming economies, rising standards of living and a historic passion for automobiles have given rise to among the highest cars-per-household ratios in the world.
Industry estimates place the GCC automobile sector’s annual growth at an impressive 10%. The region imports cars worth nearly AED 8 billion (US$ 2.2 billion) annually in addition to billions of dollars worth of spare parts. The 300+ factories for assembling cars and other auto-related industries in the region have also attracted investments in excess of
AED 4 billion (US$ 1.1 billion) and employ nearly 26,000 people.
Matching this growth, the auto parts and components sector has also grown rapidly and acts as an auxiliary sector to the automobile trade. Statistics indicate that of the total auto parts and accessories imported into the region, about 65% are re-exported, mainly to the Middle East, Africa and East Europe. In fact, this sector ranks among Dubai’s top 10 re-export products and has been growing by approximately 20% a year.
With Dubai at the forefront of this economic growth, the biennial Middle East International Motor Show in 2007 serves as the perfect platform for exhibitors to showcase their products and benefit from a fantastic impetus to sales.
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