Latest news with #AutoworldInternationalFZCO
Gulf Today
a day ago
- Automotive
- Gulf Today
'Autoworld' to invest Dhs45 million in new Jafza facility
Autoworld International FZCO, the regional distributor for India's Bajaj Auto Ltd, has announced an investment of Dhs45 million to develop a new logistics and distribution hub in the Jebel Ali Free Zone (Jafza). The facility will enhance Autoworld's ability to serve rapidly growing markets across Africa and the Middle East. The agreement was officially signed in the presence of Abdullah Bin Damithan, CEO and Managing Director of DP World GCC; Abdulla Al Hashmi, Chief Operating Officer, Parks & Zones at DP World GCC; Kumar Motiram Lakhani, Chairman of Autoworld; Monish Lakhani, Managing Director at Autoworld and Vishal Lakhani, Director at Autoworld. Spanning over 162,000 sq. ft, the facility will include an assembly plant for Bajaj motorcycles and three-wheelers, as well as storage and distribution space for spare parts, tyres, and lubricants. Scheduled for completion by 2026, the hub will also support the introduction of new product lines through partnerships with international manufacturers, strengthening the company's presence. Abdulla Al Hashmi, Chief Operating Officer, Parks and Zones, DP World GCC, said, 'Autoworld's expansion underscores the strength of Jafza's integrated trade and logistics ecosystem which now connects 940 automotive companies from 88 countries. Last year alone, Jafza supported automotive trade valued at nearly Dhs102 billion.' The project is expected to create over 100 direct and indirect jobs, supporting Dubai's growing mobility and logistics ecosystem. WAM
Hi Dubai
a day ago
- Automotive
- Hi Dubai
Autoworld Invests AED 45 Million to Build Regional Hub in Jafza
Autoworld International FZCO, the regional distributor for India's Bajaj Auto Ltd, is investing AED 45 million in a new logistics and distribution hub in Dubai's Jebel Ali Free Zone (Jafza), aiming to bolster its reach across Africa and the Middle East. The 162,000 sq. ft facility will include an assembly plant for Bajaj motorcycles and three-wheelers, as well as dedicated storage for spare parts, tyres, and lubricants. Slated for completion by 2026, the hub is expected to enhance Autoworld's operational capacity and support new product partnerships. As demand for affordable, fuel-efficient vehicles surges in emerging markets—particularly in Africa, where the two-wheeler market is growing at nearly 5% annually—Autoworld's investment positions it to better serve high-growth regions. 'This facility marks a major step forward in our growth strategy,' said Vishal Kumar Lakhani, Director at Autoworld. 'Jafza's infrastructure has been crucial to our expansion across Africa and the GCC since 2008.' DP World, which operates Jafza, welcomed the move as a boost to Dubai's automotive logistics ecosystem. 'Autoworld's expansion highlights the strength of Jafza's trade network, which supported AED 102 billion in automotive trade last year,' said Abdulla Al Hashmi, COO of Parks and Zones, DP World GCC. The project is expected to generate over 100 direct and indirect jobs, supporting Dubai's ambition to become a global hub for mobility, logistics, and automotive trade. News Source: Dubai Media Office
