What's Hot

    Gitex Africa – Tech giants, startups, and SMEs converge in Morocco

    June 2, 2023

    Ecobank launches single market trade hub for African businesses

    June 2, 2023

    FAB unveils first supply chain finance program in KSA, collaborating with Alfanar

    June 1, 2023
    Gulf Africa ReviewGulf Africa Review
    • Industry
    • Infrastructure
      1. Airport
      2. Hospitality
      3. Ports
      4. Power
      5. Rail
      6. Roads
      7. Transport
      Featured

      Osun seeks to capitalise on infrastructure momentum

      Infrastructure May 21, 2018
      Recent

      Dangote refinery set to be commissioned in two weeks

      May 8, 2023

      An Nisa Taxi a Kenyan women-only taxi service to expand to Saudi Arabia

      May 4, 2023

      AD Ports Group invests Dhs955m to bolster its fleet

      May 1, 2023
    • Business & Trade
      1. Agri-Business
      2. Entrepreneurship
      3. FDI
      4. Legislative
      5. MEA
      6. Telecoms
      7. Properties
      Featured

      Analysts predict bullish future for Nigeria’s REITs market

      Business Business & Trade January 21, 2018
      Recent

      Ecobank launches single market trade hub for African businesses

      June 2, 2023

      IATF – Cairo Selected as the venue for the 3rd Intra-African Trade Fair

      May 31, 2023

      AeTrade Group promotes job creation and digital inclusion to boost Intra-African trade

      May 30, 2023
    • Finance
      1. Banking
      2. Islamic finance
      Featured

      Riyadh Valley Company invests in STV’s Total Growth Platform

      Business Finance April 4, 2023
      Recent

      Riyadh Valley Company invests in STV’s Total Growth Platform

      April 4, 2023

      South Africa’s Fin acquires Thuthukani

      March 24, 2023

      Fintech dominates African startup funding

      February 15, 2023
    • Innovation
    Gulf Africa ReviewGulf Africa Review
    Business

    Kenya’s UAE ambassador highlights automotive potential in Africa

    June 30, 20143 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    H.E. Mohamed Gello, Kenyan Ambassador to the UAE, has presented on motor trade best practices and on effective business strategies for Africa, and particularly on the East Africa market, while speaking at the 2nd Automechanika Dubai Network.

    UAE-Africa trade is expected to increase by 27% to reach $50bn by the end of 2013, and Ambassador Gello urged delegates to take advantage of the opportunities afforded by this growth for business development. Approximately 70,000 cars were sold to Africa in 2012, and Dubai is considered the favoured transhipment hub for East Africa.

    “East Africa is a dynamic market just waiting to be explored, and with a 6% growth rate it is the fastest growing region in the world, there are so many positive indicators for doing business within the locality,” the Ambassador launched.

    “In the past three years the number of middle class has doubled, presenting broad business opportunities. The rate of investment grew tenfold in the last decade and the trajectory for the next decade makes it very clear that this is the right time to enter East Africa.”

    He highlighted: “For auto vehicles and parts it represents a huge market. By 2030, the top 18 African countries are expected to have a combined spending power of $1.3 trillion.”

    Adil Al Zarooni, senior vice president for sales at JAFZA, added: “At present there are 530 companies related to the automotive industry at JAFZA. Approximately 70,000 cars were sold to Africa in 2012, and Dubai is considered the favoured transhipment hub for East Africa.”

    The event in Dubai was organisers by German trade fair and conference specoalists Epoc Messe Frankfurt, and attracted a number of UAE’s leading automobile aftermarket players, service providers and stakeholders, all keen to learn more about growing their business.

    Mahmut Gazi Bilikozen, senior show manager for Automechanika Dubai, commented: “Thanks to the success of the inaugural networking event it was decided to host it twice a year. Doing business in Africa is an area of attention for the trade and this edition of the network brought together experts to provide valuable insight into the trade and markets.”

    Among attendees at the network where representatives from Arwani Trading, Al Buraq Tires, Schaeffler Middle East, Mineral Circle Bearings and Al Habtoor Motors, among others.

    Automechanika Dubai 2013 drew 1,482 exhibitors from 58 countries and welcomed 24,141 visitors from 130 countries. Automechanika Dubai 2014 will take place from 3rd-5th June.

    Approximately 70,000 cars were sold to Africa in 2012, and Dubai is considered the favoured transhipment hub for East Africa.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleDubai’s Caramel Group launches Nairobi restaurant venue
    Next Article Dubai firm Saltside sees Tonaton.com grow by 300% in Ghana

    Related Posts

    Business

    Gitex Africa – Tech giants, startups, and SMEs converge in Morocco

    June 2, 2023
    Business & Trade

    Ecobank launches single market trade hub for African businesses

    June 2, 2023
    Business Logistics Logistics

    FAB unveils first supply chain finance program in KSA, collaborating with Alfanar

    June 1, 2023
    Add A Comment

    Comments are closed.

    LATEST STORIES

    Gitex Africa – Tech giants, startups, and SMEs converge in Morocco

    June 2, 2023

    Ecobank launches single market trade hub for African businesses

    June 2, 2023

    FAB unveils first supply chain finance program in KSA, collaborating with Alfanar

    June 1, 2023

    IATF – Cairo Selected as the venue for the 3rd Intra-African Trade Fair

    May 31, 2023

    AeTrade Group promotes job creation and digital inclusion to boost Intra-African trade

    May 30, 2023
    • Business
      • Agri-Business
      • Entrepreneurship
      • FDI
      • Legislative
      • MEA
      • Properties
      • Telecoms
    • Infrastructure
      • Airport
      • Hospitality
      • Ports
      • Power
      • Rail
      • Roads
      • Transport
    • Finance
      • Banking
      • Islamic finance
    • Commodities
      • Agri commodities
      • Metals & minerals
      • Precious metals
    • Culture & Society
      • Education
      • Energy
    GAR logo
    © GulfAfricaReview.com 2014-2022, All Rights Reserved.

    Gulf Africa Review is a trade news and future networking platform for businesses leaders and trade organisations, established to first inform and secondly assist in facilitating the ongoing business and trade relations between the Gulf Cooperation Council countries and Sub-Saharan Africa. We aim to provide an apolitical voice for this channel of economic activity in a way that benefits both geographies by improving the availability of information about market events, developments and opportunities, while publicising the successes achieved by this ever-broadening regional relationship.

      Subscribe to our newsletter

      Type above and press Enter to search. Press Esc to cancel.