Wednesday, August 11, 2004

Dubai's used car market moves into the slow laneBy Asma Ali Zain 11 August 2004
DUBAI - Dubai Used Cars Automobile Zone (DUCAMZ), the biggest used car market in the Gulf, is facing an unprecedented slowdown business.
The downturn comes after several years and has been by triggered the unstable political scene in the Middle East, say used car dealers and analysts.

This article does point to the Achilles heel of all the wonderful things Dubai has accomplished. They are the Arab emirate which has shown more determination than any other to create wealth rather than simply pumping it. They've done very well, but much of their business comes from other nations in the gulf. Not only does this limit their growth, but when the oil wealth starts to run out they will have challenges ahead of them.

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