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ArabGT
a day ago
- Automotive
- ArabGT
Chinese Cars Accelerate Their Growth in the UAE Market
Over the past few years, Chinese car brands have gone from underdogs to global contenders, reversing a once-weak reputation in Arab markets—especially in terms of quality and technological sophistication. Today, they are strongly associated with cutting-edge innovation, particularly as the electric vehicle sector gains momentum. This transformation has even been acknowledged by senior executives at major global automakers, who now view China as a pioneering force in automotive technology and innovation. In the UAE, this success story is no different. According to recent figures from Al-Futtaim Motors, Chinese vehicles captured between 15% and 20% of new car sales in the country during the first half of 2025, averaging about 17.5% of the total market share. BYD Al-Futtaim Leading the Charge Speaking to the media, Mohammed Qassim, General Manager of Retail at BYD Al-Futtaim, highlighted the remarkable and accelerating growth of Chinese cars in the UAE. He stressed that these models are no longer seen purely as budget-friendly options—they now combine advanced technology, premium build quality, and contemporary design. Qassim attributed this success to substantial investments by Chinese automakers in research and development, with a strong focus on innovation in electric and hybrid vehicles, all offered at competitive price points. Qassim noted that BYD's sales have steadily increased with each new model release, particularly in the electric vehicle segment, where the brand enjoys a leading position in the local market. This dominance is supported by a diverse lineup catering to a wide range of consumer needs. He emphasized that BYD's dedication to producing high-quality EVs with long driving ranges, advanced features, and accessible pricing has resonated with UAE customers, who are becoming increasingly aware of the benefits of sustainable mobility. Positive Outlook for 2025 Looking ahead, Qassim expressed strong optimism for further expansion, predicting that the share of Chinese cars in the UAE will grow significantly in 2025 compared to 2024. He cited several driving factors: rising consumer confidence in Chinese brands' design, features, and reliability; continuous introduction of innovative models driven by major R&D investments; and robust demand for electric vehicles, supported by the UAE's forward-looking vision for sustainable transportation. He also underlined the critical role of after-sales service networks and logistical support from local dealers such as Al-Futtaim Electric Mobility, which reinforce trust and customer satisfaction. Competitive pricing, he added, continues to be a major draw, offering exceptional value for money and appealing to a broad customer base. Qassim concluded by predicting that the sector's growth rate could surpass 20% in 2025, building on an already strong and steadily expanding sales foundation.
Yahoo
08-07-2025
- Business
- Yahoo
Ladun signs contract for mixed-use project in Saudi Arabia
Ladun Investment Company has announced the signing of a contract for the implementation of a mixed-use project as part of the wider Abha Walk Project in Saudi Arabia. The SR90.5m ($24.1m) contract, which excludes VAT, was signed with Arab Markets Company. The mixed-use project is being developed by Built Industrial Company, a subsidiary of Ladun. The six-storey complex will be located on King Fahd Road in the city of Abha. In a Tadawul (Saudi stock exchange) filing, the company announced that the site's ground floor, first floor, and a portion of the second floor will be designated for retail stores. The rest of the second floor, along with the entire third through sixth floors, will be allocated for office spaces. The scope of the contract covers construction, architectural works, and electrical and mechanical systems. This project is set for an 18-month completion timeline. Ladun will execute all tasks in line with project documents, including drawings, specifications, and a bill of quantities. The financial impact of the project is expected to be seen in Ladun's financial results for 2025 and 2026, extending until project completion. Last November, Ladun signed an investment agreement with Musharaka Capital to set up a real-estate development fund worth SR1.45bn for a project within the Jabal Omar development in Makkah, Saudi Arabia. In October 2024, Ladun partnered with Mawten Real Estate Company to co-develop a $220m mixed-use project in Makkah. In April 2024, Ladun signed a partnership with Cheval Collection for the construction of the Cheval Ladun Living project in Riyadh. "Ladun signs contract for mixed-use project in Saudi Arabia" was originally created and published by World Construction Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 登入存取你的投資組合
