UAE Car Dealer To Invest Dhs900m
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UAE Car Dealer To Invest Dhs900m

UAE Car Dealer To Invest Dhs900m

Al Nabooda, the distributor of Porsche, Audi and Volkswagen in Dubai, plans major investment push.

Gulf Business

UAE-based car dealer Al Nabooda Automobiles, the distributor of Porsche, Audi and Volkswagen in Dubai and the Northern Emirates, announced a Dhs900 million investment programme to expand its operations network in the country.

The investment includes the world’s largest Audi new car sales terminal, to be located on the Sheikh Zayed Road in Dubai, which costs Dhs118.5 million and will be completed in September, the company said in a statement.

Overall, the programme includes ten individual projects, it said.

They include: a Dhs85.5 million multi-brand facility in Fujairah that is expected to open this year; a Dhs144 million Porsche showroom on Dubai’s Sheikh Zayed Road; a Dhs120 million multi-brand facility in Sharjah and a Dhs133 million Audi and Volkswagen workshop.

Al Nabooda is also planning to build a Dhs212 million paint and body shop and a Dhs7 million new car storage facility in Jebel Ali.

The investment also covers a refurbishment of the existing VW showroom in Dubai, relocation of the Audi pre-owned vehicles showroom in Dubai, and new Porsche approved vehicles showroom, the statement said.

Mr. Rajaram, CEO of Al Nabooda Automobiles, said: “The new facilities we are creating to showcase the Porsche, Audi and Volkswagen brands provide the most powerful evidence of our commitment to our business partners, to our customers, and to the local communities where we operate.”

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