The management of Al-Haraj Market for used cars in the Emirate of Sharjah in the United Arab Emirates revealed that the volume of sales of cars with small engines over large ones increased by 20%, which led to the preservation of market sales, especially since the demand for these cars comes because their consumption There is less fuel, amid an expectation that the percentage will rise by 20% in the coming days.
Africa acquires an export share in the market with 1000 transactions per month.
Market director Majed Al Mualla said that the African market acquires a large share of export transactions. Cars, with a daily average of 40 transactions, a week of 250, and nearly 1,000 transactions per month.
He added that the countries of the Congo, Ethiopia, Mauritania, and Madagascar, Ghana, Nigeria, and Benin occupied the first place in export operations to Africa, while Libya occupied the first place , Burundi, Ivory Coast, Kenya, South Africa, Djibouti, Guinea, Cameroon, and Tanzania are second. The market for Al-Haraj is recovering despite the spread of Corona
Al-Mualla revealed that the market for used cars Al-Haraj maintained a percentage close to 100% Of occupation in the market, despite the circumstances of the spread of the Corona virus and its spread in the world, which enhances the investment climate in Sharjah, and supports the success of the Sharjah Asset Management Company, which supervises the management of the market, in developing it according to international principles.
Al-Mualla said that the strict procedures and laws in Sharjah Market administration has limited the phenomenon of middlemen in selling cars, and this was evidenced by the low percentage of violations issued against those who perform that job.
Al-Mualla explained that laws in the market have allocated job identity cards to employees of market showrooms, with the tightening of control campaigns on Intermediaries who are present in the exhibition constantly, and deal with them in the law immediately.
The work card that has been allocated to the market employees, determines places for their work and the point of work, and organizes sales and purchases, and inspection campaigns help to distinguish between the approved employee and the broker and those who work unlicensed The market is seeing services Technical inspection and registration of cars, banks, exchange, insurance and restaurants, which are activities that enhance economic activity, and respond to the desire of car dealers to work through the exhibition.
And the numbers in detail are: export, import and re-export of 79 billion and 504 million and 178 thousand and 742 dirhams, which are: imports of 51 billion 79 million 480 thousand and 590 dirhams, Re-exports of 28 billion, 73 million and 862 thousand and 755 dirhams, and exports worth 350 million 835 thousand and 397 dirhams.
Al-Mualla said that the Al-Haraj Market is located on an area of more than 420 thousand square meters, and includes about 20 thousand parking spaces for exhibitions, 5,000 parking spaces for visitors and market-goers, and storage spaces for cars, and the number of exhibitions has 415 showrooms and 70 shops for maintenance services for cars.