Complex Made Simple

UAE automobile market set to grow 7% this year

Michel Ayat, chief executive of Dubai's AW Rostamani Automotive has said the UAE automobile market is predicted to grow by up to 7% with total sales this year reaching 275,000 units, Khaleej Times has reported. The UAE automobile market has seen strong growth during the first seven months of this year, with total sales reaching 135,000 automobile units, he said. According to data by the ministry of foreign trade, the UAE automotive market grew by 19.7% in 2010 to $11.1bn, up from $9.2bn in 2009.