Al Futtaim Group Case Study

Al Futtaim Motors INTRODUCTION The UAE is to stupefy itself as a regional focal point for the commercial vehicles pains in the Middle East, which is aiming for more major growth as the market recovers from the effects of the world-wide economic crisis. This is already a thriving business in the Middle East, and all the signs point to a great preserve of expansion over the next few years as the market recovers from the economic crisis and more manufacturers start production here. The UAE is at the centre of regional growth in the commercial vehicles sector, by and large due to the countrys expanding public transport requirements. An overview of the Automotive manufacturing in UAE Auto sales in the UAE are judge to rise 5 per cent between 2009 and 2010 as an backup in liquidity conditions boosts confidence in the sector. 1 A prevalent high-level of disposable income and renewed consumer confidence in the UAE on the back of easing liquidity conditions, provides a favorable basis for the automobile sector in the coming months. Furthermore, plans for a political machine production works in the UAE could help initiate a local automotive manufacturing industry.

Since the UAE is the fastest growing auto market in the Middle East, the sector is in a position to expand with preliminary plans for a car production plant to help spawn a local auto manufacturing industry already in place. The automotive sector was affected by the financial crisis as banks became more cautious in granting auto loans; but with the UAE accelerating on the path to economic recovery, banks are outright being more flexible with auto financing which go out no doubt benefit the sector, fuel the demand, and ultimately extend sales. The analysis disclosed that it is increasingly apparent that the UAE automotive market is mature, with vehicle ownership commits of over 540 per 1,000 inhabitants a rate that exceeds most of the developing world. Car dealers in the UAE are rosy on the outlook for the second half... If you want to get a full essay, order it on our website: Ordercustompaper.com

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