Published On: 29/05/2019

Dubai, UAE: The newly-established Car Dealers Business Group has elected a board of directors which will be tasked with unifying the voices of member companies, serving common interests and fostering private-public sector dialogue.

Mr. Michel Ayat, CEO of AWRostamani Automotive Group, was elected as Chairman of the Car Dealers Business Group. Mr. Fadi Hammadeh, Group General Counsel– Legal, Governance & Compliance Al-Futtaim Group, was named Deputy Chairman. Mr. Ivo A. Kapitzki, General Manager of Passengers Car Division – Gargash Enterprises was elected as Secretary General and Mr. Osman Abdelmoneim, General Manager – AGMC, was named Treasurer.

In addition, Mr. Sulaiman Al Zaben; General Manager- Hyundai; Mr. Axel Dreyer, CEO, Galadari Automobiles; and Mr. Waleed Al Sayed, General Manager, Al Ghandi Auto joined as board members.

The new business group, established under the umbrella of Dubai Chamber of Commerce and Industry, 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 group’s member companies include prominent companies such as
AWRostamani Automotive Group; Al Ghandi Auto; Al Futtaim Group; 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.

The Car Dealers Business Group was recently inaugurated during a kick-off meeting held at the Chamber’s headquarters where 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.

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.