Pirelli distributor invests in Sharjah logistics hub

Related Articles

Sharjah approves largest ever budget of Dh29.1 billion

January 19, 2020

Ways to develop contracting sector in Sharjah discussed

January 19, 2020

Sharjah forum to focus on four main trends this year

January 19, 2020

Al-Hawai Tyre Co. , the sole distributor of Pirelli for the northern emirates, is to create a logistics hub at Al Saja’a Industrial Oasis, an industrial park 30 minutes outside Sharjah city centre. Established more than 30 years ago, Al-Hawai will build a distribution centre for Sharjah and Northern Emirates, a maintenance workshop and a new retail outlet.

There are currently more than 1,000 retail tyre outlets in the UAE, with Bridgestone, Michelin, Continental, Goodyear and Pirelli established as the country’s leading tyre brands. According to Frost & Sullivan, the UAE is expected to have 3.53 million passenger cars on its roads by the year 2020, accounting for 18.5 percent of the GCC market. Meanwhile, Research and Markets estimates growth in the UAE tyre market to continue at 11 percent compound annual growth rate (CAGR) until, at least, 2019.

Pirelli is one of the world’s largest tyre manufacturers focused on the high-end consumer segment and Pirelli tyres come as original equipment with Alfa Romeo, Audi, BMW, Ferrari, Fiat, Jaguar, Lancia, Mercedes, Porsche, Saab, VW and many other vehicles. Industry sources estimate that the UAE imports some 57,000 luxury-category cars per annum (February 2016 – March 2017), making it a key market for performance tyre manufacturers.

One of the largest industrial projects in the region, Al Saja’a Industrial Oasis is strategically located on the outskirts of Sharjah City, in close proximity to Emirates Road, Sharjah International Airport and Al Hamriya Port, ensuring access to world-class transport, logistics and global export markets. Sharjah Asset Management, the developer of the 14 million square foot industrial estate, began selling plots in October 2015, which have been offered to investors on a freehold or 100 year leasehold basis.

Sharjah has a thriving logistics industry supported by its strategic location, sea ports on both east and west coasts, an international airport and excellent modern road links connecting the emirate to the rest of the Arabian peninsular.

Source: Al-Hawai, SAM, media