UAE. Dubai's re-export market continues to boom as the economy picks up speed, with experts saying, Dubai’s economic growth to increase between three to five percent in 2011, and a further six percent in 2012.
From January to the end of August of this year, exports and re-exports grew by 17%, increasing from AED138 billion during the same period last year to AED162 billion, said Abdul Rahman Saif Al Ghurair, Chairman of Dubai Chamber of Commerce and Industry.
With a strong and well-developed re-export trading sector, especially in auto parts due in part to the lack of an automotive manufacturing industry, Dubai continues to cement its position as a major hub for the re-export of auto parts.
“Without a dedicated automotive manufacturing industry in the Middle East, Dubai has become the regional distribution center for automotive parts and accessories not only to the Middle East but to African nations and some European countries such Russia,” said Asad Badami, Managing Director of A-MAP, which specializes in the distribution of aftermarket automotive spare parts, automotive batteries, tyres, and lubricants.
“A very significant advantage Dubai has is its ideal geographic location in connecting Asia to Africa and Europe. The cooperating local authorities here make it very smooth in conducting the re-export trade here. Dubai ports allow for essentially same day release of goods; once a vessel arrives, the container can be offloaded and the goods warehoused within twelve hours, something you don’t see anywhere else,” he added.
Badami continued that Dubai has long been seen as an attractive market for the re-export of automotive goods, with the number of automotive re-export companies practically doubling over the past five to six years despite the recession.
“Many of the region’s landlocked countries, such as Afghanistan and Kazakhstan, rely on goods being transported by land, giving Dubai another competitive advantage. South East Asian countries are able to export their goods to Dubai where they are warehoused temporarily and re-exported to these countries via the land route,” Badami concluded.
A-MAP, which is expecting to double in size by 2013, is currently expanding into new markets, having already established operations in Africa, Asia, and North America.
A-MAP specializes in the distribution of aftermarket automotive spare parts, automotive batteries, tyres, and lubricants. Headquartered in the 'bustling trading hub' of Dubai, UAE, A-MAP operates a network of branch offices in Asia, Africa, and North America. With world- leading portfolio of brand names such as Solite, Fenix, Asimco, RBI, Crown, and Strada, A-MAP has mastered supply chain management systems to deliver the ultimate in client satisfaction.
For more information, please visit www.a-map.net.