Published On: 13-5-2019

Dubai, UAE: Dubai Chamber of Commerce and Industry has announced the formation of the Car Dealers Business Group which aims to unite the voices of member companies, serve common interests and foster public-private sector dialogue on important matters impacting the auto sector in Dubai.

The new business group will provide an ideal platform for companies operating in this space to voice their concerns and share their feedback on regulation impacting industry stakeholders with the support and guidance of Dubai Chamber.

The Car Dealers Business Group, the 31st sector-focused business group to be launched under the umbrella of Dubai Chamber, was recently inaugurated during a kick-off meeting held at the Chamber’s headquarters in the presence of H.E. Majid Saif Al Ghurair, Chairman of Dubai Chamber; senior Dubai Chamber officials; and top executives from AWRostamani Automotive Group; Al Ghandi Auto; Galadari Brothers Co. LLC; Al Naboodah Automobiles; AGMC; Gargash Enterprises; Hyundai; Al Habtoor Motors; Al Tayer Motors; Union Motors; Al Naboodah Group Enterprises; Galadari Automobiles; KIA; and Al Rostamani Group.

During the meeting, Mr. Michel Ayat, CEO – AWRostamani Automotive Group, was elected as Chairman of the Car Dealers Business Group and member companies discussed several key issues and the need to align the group’s efforts with the government-led initiatives that utilise autonomous vehicles, electric vehicles, and 5G infrastructure, in addition to the group’s keenness in contributing to existing and forthcoming legislation.

H.E. Al Ghurair described the establishment of the Car Dealers Business Group as an important step in aligning the efforts of key stakeholders and boosting the sector’s competitiveness. He stressed the crucial role that business groups play in supporting Dubai’s sustainable growth as these organisations draw on combined expertise and capabilities.

In addition, H.E. Al Ghurair noted that the business group would identify key challenges facing car dealers in Dubai, work to develop innovative solutions to address such obstacles and share policy recommendations with Dubai Chamber and concerned government entities.

Commenting on the launch of the business group, Mr. Michel Ayat, Chairman of the Car Dealers Business Group, said: “This is a significant step towards enhancing the overall competitiveness of the UAE automotive industry as it embraces the spirit of public-private partnership to support the authorities with global best practices that will raise the standards of the automotive industry and ensure right regulations for the future.”

Mr. Ayat added: “Additionally, with the automotive industry of the UAE, which contributes about AED 60 billion to the economy, is witnessing new challenges that must be addressed through joint efforts by highlighting the common interests of dealers, consumers and the government. We look forward to building a sustainable future for the industry.”

As a facilitator for business groups and councils in Dubai, Dubai Chamber aims to boost commerce between the business communities of Dubai, ensure a favourable business environment and enhance relations between Dubai and other countries around the world.