A newly released statistical research showed that the sales volume in the used cars market within UAE is approximately 3 times the size of new cars sales with a net value of 66 Billion Dirham.
The business sector noticed a large potential in this market, the thing that led to introducing many applications taking benefit from this huge sales volume. The last among these applications is “Kari” which was released on a worldwide scale.
Mohammad Jahmani, the creator of “Kari” stated that this is the first Arabic mobile phones application for selling and buying used cars in the world on Eureka website. He also added that this application is considered the first electronic platform for group investment in small and medium business fields as the platform can promote the funding volume in the field by attracting investors interested in buying shares in new projects, and that it also supports the innovation and creativity factors by developing small and medium sized projects like “Kari application”.
Mohammad also stated that the application, with an estimated value of 1.6 Million dollars will be launched from Dubai as it represents the incubator of innovative and special projects, and a leader city in starting smart services in various fields. He also stated that investing in “Kari” is considered an important opportunity for Entrepreneurs that allows them to achieve quick profits by investing small amounts of money as he expects double increase of Kari value after the success made by introducing it in Eureka.
Aljahmani also explained that “Kari” will contribute to the prosperity of used cars market, and also closing the gap within the market by simplifying the procedures for buying or selling cars for customers by providing a clear and easy experience thus implementing the vision of the creator which is putting the customer at the highest priority in sales process.
In the same scope, another report stated that the cars industrial field in Dubai witnessed a growth of 20% in 2013 as the report issued by Dubai’s economical development institute showed that the cars sector is the most competitive sector when it comes to providing high standard services to the customers, and that this competitiveness contributed to a growth of 20% in the cars sector in 2013.
The previous results came as the preliminary results of the environmental friendly institutes classification indicator, one of the economical initiatives in Dubai aiming to developing industrial ranking and promoting competitiveness.
