Money and business

Automechanika Dubai 2024 exhibition kicks off today at the Dubai Trade Centre

The Automechanika Dubai 2024 exhibition was launched today at the Dubai World Trade Centre, the largest international trade exhibition in the Middle East and Africa for the vehicle services sector, with the participation of a wide group of more than 244 exhibitors from manufacturers of classic car spare parts and equipment. The events will continue until December 12.
With the participation of 40% of the classic car exhibitors from the local market and 60% from the international market, Automechanika Dubai 2024 will witness the participation of a group of the most prominent manufacturers of classic car parts and equipment from: the United Arab Emirates, the United Kingdom, the United States, Turkey, Italy, Switzerland, Japan, Brazil and others. other countries.

According to Credence Research, the global classic car market is expected to reach $51.3 billion by 2028, compared to $31.1 billion in 2021. The rise in popularity of the classic car sector is also reflected in the GCC region, where there are a number Increasing number of classic car owners.
“The size of the used auto parts market in the region, combined with BuyAnyAutoPart’s solution for sourcing non-dealership accident repair parts, made it an ideal investment for us at this early stage,” said Mohammed Galadari, Co-Chairman of Galadari Group.
He added that the company raised $750,000 in a pre-seed financing round.
The funds will be used to fulfill contracts with some of the largest multi-brand car workshops in the UAE, before expanding to serve thousands of small and medium workshops across the country.

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