Chongqing Hongyu Friction Products Co.,Ltd.

Dubai market surveys and customer visit from May 2017 to June

Dubai market surveys and customer visit from May 2017 to June


Dubai is the largest city in the United Arab Emirates with an area of 3,980 square kilometers, accounting for about 5% of the country's total area. There are 2,262,000 people, accounting for about 41.9% of the country's population, and it is the most populous emirate. Dubai's economic strength ranks first in the UAE. About 70% of the UAE's non-oil trade is concentrated in Dubai. Therefore, Dubai is traditionally regarded as the "trading capital" of the UAE and as the economic and financial center in the Middle East. The annual growth of motor vehicles in the UAE remains at 9.6%, while that of Dubai automobile and motorcycle parts is growing at a rate of 20% per annum. Over the past two years, the bill for equipment and construction of gas stations in cars has exceeded 2 billion dollars. The extremely low fuel costs, high income and 5% growth of the population annual schedule is the important reasons of the rapid growth in demand for automobile and motorcycle accessories. Last June we joined the group to participate in the Dubai International Auto Show, the effect was obvious. So this time our company organized the staff once again to go deep into the Dubai auto market to dig more potential customers. Currently, we and Dubai auto maker ALL WELL reached a consensus, and the order is being produced. In addition, we are negotiating with many clients, PARTS WORLD and MSH & J GENERAL TRADING LLC, and I believe there will be good result soon.

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