Automechanika Dubai 2019 presenting a gateway to markets which is difficult to reach.
Automechanika Dubai 2019, the 17th edition of the Middle East and Africa’s (MEA) largest automotive aftermarket trade fair, was opened on Monday by Sheikh Mansoor Bin Mohammed Bin Rashid Al Maktoum.
Al Masaood Commercial Vehicles and Equipment (CV&E) part of Al Masaood group of companies, a pioneering Abu Dhabi conglomerate, exhibited in Automechanika Dubai 2019
According to Dubai Customs, Dubai traded 2.1 million tonnes of auto parts and accessories worth $10.3 billion in 2018, a 32 percent increase in value of what the Emirate traded in 2009 (US$7.8 billion).
The Sharjah Finance Department, SFD, recently established a framework worth Dhs4 billion to enhance liquidity for the banking system in the emirate. The move aims to provide additional financial assistance to all businesses impacted by the outbreak of COVID-19.
Dubai-based Emerging Markets Property Group (EMPG) and OLX Group, owners of homegrown technology firms Bayut and dubizzle, have announced the merger of their Mena and South Asia operations to form an Dhs3.6 billion ($1 billion) Dubai-based unicorn company.
Jubail Island Investment Company (JIIC), has awarded continuing infrastructure works contract worth more than Dhs200 million for Jubail Island to Gulf Contractors Company (GCC).