MANUFACTURING ZONES
ZONE 4 - Transport & Equipment
Overview
With eight airlines operating in the GCC alone and a market of over one million vehicles per year, the transport sector consisting of vehicles, aircraft, vessels and associated transport equipment and parts, forms the second largest import sector in the region.
Opportunities for OEM products and after-market parts in the region are significant enough to make the largest manufacturing enterprises feasible with long-term growth potential.
Availability of base metals, a skilled regional and international workforce and flexible financing schemes make Dubai an attractive base for the transport equipment industry.
Industry Highlights:
- Transport Equipment & Parts
- GCC car sales expected to grow over 10% to 650,000 units by 2010
- A huge boom expected due to upcoming mega projects:
- Metro in Dubai - US$ 3.5 billion
- Railway expansion in Saudi Arabia - US$ 2 billion
- GCC regional rail network - US$4 billion
Source:
- GOIC - Gulf Organisation for Industrial Consulting
- Mckinsey & Company Analysis