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Mubadala announces agreement to invest in Loscam International

Headquartered in Hong Kong, Loscam operates across 12 markets including Australia, New Zealand, Southeast Asia, and Greater China

Gulf Business
Gulf Business

02 July, 2025

Mubadala announces agreement to invest in Loscam International
Image credit: WAM/Website

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Abu Dhabi’s Mubadala Investment Company has agreed to acquire a 30 per cent stake in Loscam International, a leading provider of pallet pooling and returnable packaging solutions in the Asia-Pacific region.

Read-Abu Dhabi sovereign wealth fund Mubadala’s assets jump 9% in 2024

Mubadala joins existing shareholders Trustar Capital—the private equity arm of CITIC Capital Holdings—FountainVest Partners, and Sinotrans Limited, a subsidiary of China Merchants Group.

Headquartered in Hong Kong, Loscam operates across 12 markets including Australia, New Zealand, Southeast Asia, and Greater China.

The company supplies sustainable logistics and pooling solutions to major players in fast-moving consumer goods, retail, and manufacturing sectors.

Founded in 1942, Loscam has built a long-standing reputation for improving supply chain efficiency across the region.

The transaction remains subject to customary closing conditions and regulatory approvals.

Dubai Airshow 2025: Expect big players, aviation innovations

The show will reflect the UAE’s bold vision for aviation, aligning with the sector’s rapid growth trajectory

Gulf Business
Gulf Business

02 July, 2025

Dubai Airshow 2025: Expect big players, aviation innovations
Image credit: WAM/Website

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Registration is now open for the 19th edition of the Dubai Airshow, set to take place from 17 to 21 November 2025 at Dubai World Central. The landmark event returns with a focus on advancing innovation, enhancing connectivity, and shaping the future of the global aviation and defence sectors.

Read-Dubai’s aerial taxi services: RTA tests region’s first flight

Building on its reputation as one of the world’s most influential aerospace events, Dubai Airshow 2025 will serve as a critical platform for accelerating cutting-edge technologies and fostering cross-sector collaboration.

The show will reflect the UAE’s bold vision for aviation, aligning with the sector’s rapid growth trajectory, a WAM report said.

According to recent data from the International Air Transport Association (IATA), the aviation industry contributes approximately $92bn to the UAE’s GDP, accounting for 18.2 per cent of the total. The Middle East’s commercial aircraft fleet is projected to grow by 5.1 per cent annually over the next decade, underlining the region’s expanding role in global aviation.

Global platform for transformation

Dubai Airshow continues to attract key global players, government representatives, innovators, and thought leaders. The 2025 edition is expected to facilitate high-level dialogue and showcase pioneering technologies across civil aviation, aerospace, defence, and space sectors.

Major General Dr Mubarak Saeed bin Ghafan Al Jabri, Executive Director of the Military Committee organizing Dubai Airshow, emphasised the event’s importance in spotlighting the UAE’s leadership in both aviation and defence.

“As the industry evolves rapidly, the Ministry of Defence remains committed to building future-ready capabilities and fostering innovation,” he said. “Empowering the next generation of talent is central to this vision, ensuring the UAE stays at the forefront of global development.”

One of the highlights of this year’s show will be a first-of-its-kind networking event hosted directly on the runway. Held in partnership with SkyDive Dubai, this exclusive gathering will bring together top international aviation figures in a dynamic setting that blends entertainment with informal engagement. Attendees can expect drone light shows, skydiving performances, live DJ sets, and premium hospitality experiences.

First-ever night programming

In a first for the Dubai Airshow, the 2025 edition will introduce night-time programming. Scheduled for the second day of the show, this unique experience will extend activities until 9:00 PM, giving attendees extra time to explore the static aircraft displays, attend evening receptions, and enjoy immersive aerial displays under the stars.

The night programming is designed to deepen engagement while showcasing the sector’s innovation in an entirely new light.

Innovation, sustainability, and future talent

Dubai Airshow 2025 will once again spotlight industry innovation and sustainability. As aviation organizations worldwide prioritize the transition to greener, more efficient technologies, sustainability will be a key theme across exhibits, panels, and features.

The return of VISTA, the leading hub for aerospace start-ups, will highlight the role of emerging companies in transforming aviation and space. Alongside this, the NextGen Leaders Programme and the newly introduced Academy will provide professional development, mentorship, and hands-on training opportunities for aspiring industry professionals.

The Aerospace Executive Club will convene senior leaders to discuss current trends, economic strategies, and global cooperation efforts. Delegates will benefit from curated programming and access to one of the industry’s most comprehensive business matchmaking systems. Powered by AI through the official Dubai Airshow app, the system is designed to connect participants efficiently, fostering meaningful partnerships.

Co-hosted by the UAE Ministry of Defence, Dubai Civil Aviation Authority, and the Government of Dubai, the show’s extensive delegation programme will facilitate strategic engagement across civil, military, and commercial domains.

Engaging the public: Skyview returns

Skyview, the only event of its kind in the UAE open to the public, will also return for the 2025 edition. Expected to attract over 15,000 visitors across five days, Skyview will offer attendees exclusive access to live flying displays, interactive exhibits, and a variety of entertainment experiences.

Global leadership and future outlook

Timothy Hawes, Managing Director of Informa Markets, which organizes the event, emphasized the Airshow’s pivotal role in shaping the aviation and defence sectors.

“Dubai Airshow has always focused on progress and connectivity,” said Hawes. “The 2025 edition will be our most future-forward to date—uniting global industry players through meaningful initiatives that support innovation, education, and regional growth strategies.”

He added that the show’s youth engagement efforts are expanding through educational programmes, networking opportunities, and tech showcases aimed at inspiring the next generation of aviation professionals.

With registration now open, stakeholders from across the global aerospace ecosystem are invited to secure their place at the Dubai Airshow 2025—an event poised to influence the next chapter of aviation, defence, and space innovation.

Imtiaz continues delivery streak with handover of Westwood Grande II residence

With over 40 active projects and Dhs10bn in total sales, the Dubai-based developer continues to deliver on its promise of quality, design, and timely execution

Imtiaz Developments
Imtiaz Developments

02 July, 2025

Imtiaz continues delivery streak with handover of Westwood Grande II residence
Image credit: Supplied

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Imtiaz Developments, one of Dubai’s leading luxury real estate developers, has announced the successful handover of Westwood Grande II, a contemporary residential development offering fully furnished studio and one-bedroom apartments.

The handover was attended by senior officials from the Dubai Land Department and prominent figures from the real estate sector, marking another on-schedule delivery in line with the developer’s consistent track record.

Westwood Grande II, located in Jumeirah Village Circle, exemplifies Imtiaz’s design-first philosophy, with every residence offering spacious layouts, premium branded finishes, and integrated smart home systems. The project features a range of upscale amenities including a rooftop swimming pool with skyline views, a modern fitness centre, tranquil landscaped gardens, and an exclusive club room for residents.

“Westwood Grande II highlights our continued drive to deliver projects that go beyond construction—offering thoughtfully designed spaces that elevate everyday living. Every detail reflects our promise to create lasting value for our customers and for the city of Dubai,” Masih Imtiaz, CEO of Imtiaz Developments, stated.

With over 40 projects currently under development and more than Dhs10bn in sales, Imtiaz Developments is actively expanding across key districts including Dubailand, Dubai Islands, and Meydan. The company remains committed to building communities that combine architectural distinction with enduring lifestyle and investment value.

Autoworld to invest Dhs45m in new Jafza facility to boost regional trade

The project, expected to be completed by 2026, is positioned to meet rising demand in high-growth, cost-sensitive markets across the region

Gulf Business
Gulf Business

02 July, 2025

Autoworld to invest Dhs45m in new Jafza facility to boost regional trade
Image: DP World

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Autoworld International, a regional distributor for India’s Bajaj Auto, announced a Dhs45m investment to develop a new logistics and distribution facility in Dubai’s Jebel Ali Free Zone (Jafza), aiming to strengthen its automotive supply chain across the Middle East and Africa.

The 162,000-square-foot facility will include an assembly plant for Bajaj motorcycles and three-wheelers, alongside warehousing for spare parts, tyres, and lubricants. The project, expected to be completed by 2026, is positioned to meet rising demand in high-growth, cost-sensitive markets across the region.

“This facility marks a major step forward in our growth strategy. Jafza’s connectivity, infrastructure, and business-friendly environment have helped us serve high-growth markets across Africa and the GCC since 2008,” said Vishal Kumar Lakhani, director at Autoworld.

The facility will also support the introduction of new product lines via partnerships with global manufacturers, further entrenching the company’s regional footprint. The investment is projected to create over 100 direct and indirect jobs.

Read: Abdulla bin Damithan on how DP World’s Jafza has become a global trade powerhouse

Jafza plays a key role in emirate’s auto trade

Jafza continues to play a central role in Dubai’s automotive trade, accounting for nearly 48 per cent of the emirate’s total automotive trade by value in 2024.

The free zone facilitated automotive trade worth nearly Dhs102bn last year and hosts 940 automotive firms from 88 countries.

Autoworld partnership with Jafza

“Autoworld’s expansion underscores the strength of Jafza’s integrated trade and logistics ecosystem,” said Abdulla Al Hashmi, COO, Parks and Zones, DP World GCC. “We are proud to support long-term partners like Autoworld, who are helping connect world-class manufacturing with high-potential markets through Dubai.”

Autoworld, which has operated from Jafza for more than 16 years, currently distributes Bajaj vehicles to over 25 countries, using Dubai as its primary hub.

The investment aligns with DP World’s broader ambitions to boost the automotive sector, including plans to build the world’s largest car market in Dubai, projected to double the current annual sales of Dhs6.6bn.

Chinese car brands gain ground in UAE’s growing used vehicle market

More Chinese EVs enter the resale market backed by generous warranties

Rajiv Pillai
Rajiv Pillai

02 July, 2025

Chinese car brands gain ground in UAE’s growing used vehicle market
Sebastian Fuchs, managing director of AutoData Middle East.

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Chinese car brands are rapidly gaining traction in the UAE’s used car segment, reflecting shifting consumer preferences and a broader realignment of market dynamics in the region, reveals Sebastian Fuchs, managing director of AutoData Middle East.

Fuchs, whose firm operates the Vehicle Report platform, a data-driven tool launched last year to boost transparency and trust in used vehicle transactions, says Chinese brands are accelerating in both sales and long-term value retention.

“Chinese brands have notably accelerated, with Jetour growing 150.4 per cent YoY, becoming the 4th most popular brand,” Fuchs told Gulf Business. “Among newer entrants, the Jetour X70S STD stands out with 88 per cent retention after one year and 82 per cent by year three, reflecting growing trust in competitively priced Chinese SUVs.”

In Q1 2025, used car buyer demand has centred around models from 2015–2020, priced between Dhs10,000 and Dhs90,000, with sedans like the Toyota Camry and SUVs like the Nissan Patrol remaining top search choices. However, there’s growing attention on newer electric and hybrid models, especially as more Chinese EVs enter the resale market backed by generous warranties.

Read: Key trends reshaping the global automotive landscape

“Electric vehicles have also surged, growing 62.2 per cent YoY in Q1 2025, with Tesla leading the segment at 43 per cent market share,” Fuchs noted. “Consumer confidence is backed by extended warranties, particularly from Chinese brands, offering up to 7-year or 200,000 km warranties.”

Auto lending rates in the UAE have become more attractive, aided by Q4 2024 rate cuts in the US. “Financing has become more attractive, with auto lending rates decreasing approximately 0.5 per cent. Banks have intensified promotions like limited-time 0 per cent financing offers with mandatory 20 per cent down payments,” said Fuchs.

This environment, combined with an influx of residents (Dubai added over 51,000 people in Q1 2025) is pushing demand for affordable mobility options. “The UAE used car market is expected to remain on a strong growth path, driven largely by population growth,” he said.

On pricing and consumer behaviour, the UAE diverges from other GCC markets. “In 2025, UAE GCC-spec vehicles averaged Dhs180,000 with a model year around 2019, compared to Saudi Arabia’s average of SAR130,000 (Dhs127,252) for 2020 models,” said Fuchs. “UAE buyers are more digitally driven, with 83 per cent starting their search online… while Saudi buyers still favour traditional dealerships.”

Looking ahead, Fuchs expects geopolitical trade policies to impact inventory flows. “Recent global developments, such as new US tariffs, could lower used car prices in the UAE by increasing availability and competition among European and Chinese automakers,” he said.

As trust in newer brands and digital platforms increases, AutoData’s Vehicle Report platform is tapping into a more discerning and digitally savvy buyer base. “This behaviour indicates a growing segment of consumers who favour independent sellers and online platforms that offer more transparency and variety rather than the traditional franchise route,” Fuchs added.

Family Office Summit’s Obediah Ayton on trends impacting generational wealth transfer

The chair of the summit shares insights, ranging from next-gen leadership and gender diversity to wealth tech and sustainability

Neesha Salian
Neesha Salian

02 July, 2025

Family Office Summit’s Obediah Ayton on trends impacting generational wealth transfer
Image: Supplied

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At the recent Family Office Summit in Abu Dhabi, global investors managing over $500bn in assets gathered to exchange ideas, explore partnerships, and chart the future of wealth. From next-gen leadership and gender diversity to wealth tech and sustainability, the summit reflected a key shift in how family offices are evolving — both globally and in the UAE.

In this interview with Gulf Business, the summit’s chairman Obediah Ayton unpacks the most significant takeaways and explain why Abu Dhabi is fast becoming the world’s most influential platform for private capital.

The Family Office Summit in Abu Dhabi brought together global investors and family offices. What were the key takeaways from this year’s summit that signal a shift in how family offices are positioning themselves globally — and particularly within the UAE?

Key takeaways from our summit in May held in Abu Dhabi were that the interest in the buzzword “family office” is definitely there, in addition to the UAE being the most central platform on the globe today, with the progressive regulatory environment, recent banking credibility, and immense human capital concentration.

The summit highlighted the growing role of next-generation and female leaders in reshaping family offices. How is this demographic transformation influencing governance, investment strategies, and the long-term legacy vision of these entities in the region?

We currently live in a world of quick money wins with tech stocks, crypto and geopolitical profits. The young leaders are driving future-ready investment strategies, with bold allocations into venture capital, digital innovation, sustainability, and private equity. They are embedding technology, such as AI, into decision-making processes and building more agile governance structures that ensure long-term growth and resilience.

Women per se are helping family offices adopt more forward-looking investment approaches, embrace innovation, and strengthen legacy planning. They tend to prioritise impact, sustainability, and long-term outcomes, areas that are gaining traction globally.

Traditional roles are evolving. In family businesses and offices, daughters are increasingly being given equal or even leading responsibilities in managing wealth, investments, and governance.

Digital innovation and tech-driven investing emerged as dominant themes. With 79 per cent of next-gen investors in the Middle East seeing high potential in the tech sector, how are family offices adapting their models to be more innovation- and sustainability-focused?

Wealth tech is continuing to steal the show at our summits. One Swiss wealth tech firm recently signed one of UKs biggest multifamily offices, to progress the digitisation of portfolio management and real time asset value.

Imagine a bank account that shows a live value of your house, your car, your stocks, your currencies all in one place. Presenting reports to principals with a nice UX design which makes even challenging months far easier to navigate than traditional Excel spreadsheets.

How is Abu Dhabi’s rise as a hub for private capital, venture investment, and wealth dialogue reshaping regional and global capital flows? What makes the emirate a compelling base for new-generation family offices and sovereign capital alike?

Abu Dhabi is home to the biggest sovereign funds on the planet, which can be intimidating for many in the private sector or overseas families, as not everyone invests billions or hundreds of millions.

Family Office Summit saw an opportunity three years ago in Abu Dhabi, to increase human liquidity in Abu Dhabi, a much-needed resource for the private sector.

On the positive side, sovereign funds can now help de-risk investments by guiding families into new industries, leading investment rounds, and managing DD. This support is especially valuable for family offices, as many do not have massive teams.

From cryptocurrency businesses to green energy and healthcare, family offices are increasingly diversifying through alternative assets. What role do evolving regulatory frameworks, such as those introduced by the UAE’s VARA, play in building trust and long-term value in these sectors?

Regulation is the future of the UAE. With the introduction of corporate tax, financial disclosure and transparent bookkeeping have become mandatory — a move that is set to attract increased foreign direct investment (FDI) from credible international jurisdictions.

As the Financial Times recently reported, Swiss family offices are relocating to the UAE, while US investors are acquiring land in Dubai to develop villas and golf courses.

Why? Because the UAE now offers a high level of financial transparency, with audited accounts and internationally compliant structures under ADGM and DIFC jurisdictions. These highly regulated vehicles, operating under international law, give investors confidence and long-term security. FDI will continue to pour in for years ahead.

The establishment of the UAE Ministry of Investment just over a year ago is a clear signal — the country is preparing for this next phase of global capital inflows.

Looking ahead, what are your projections for the evolution of the family office landscape in the Middle East over the next five years — particularly in terms of intergenerational wealth transfer, technology adoption, and global collaboration?

Family offices will continue to leverage the UAE as the best platform to operate globally from, source human capital and embrace the energy of a country that wants to grow and be know globally.

The Family Office Summit is an organic platform that is taking the long approach on event building. Our focus isn’t on maximising attendance or stacking sponsor lists; instead, we prioritise meaningful connections, because ultimately, people invest in people and with time, the real value of these summits will emerge naturally.

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