Souq Al Haraj in Sharjah achieves 100% occupancy rate in Q1 2023

SHARJAH, 24th May, 2023 (WAM) — The management of Souq Al Haraj in Sharjah revealed that the first quarter of 2023 witnessed a 100 percent occupancy rate, solidifying the souq’s status as a leading and extensive marketplace for car trading at national and regional levels.

Saeed Matar Al Suwaidi, Senior Manager of the Souq, stated, “Souq Al Haraj’s popularity and demand are on the rise due to the exceptional procedures, services, and facilities it offers. The market was crafted in line with the highest global standards to cater to the needs of traders and investors. The 100 percent occupancy rate of the market attests to the robust investment environment in Sharjah, which bolsters its competitiveness and caters to the ever-increasing growth of the automotive trade industry. This industry woos visitors from the UAE and neighbouring countries.”

Al Suwaidi added, “At Souq Al Haraj, we prioritise implementing advanced plans and strategies while continuously improving our infrastructure, mechanisms, and procedures to enhance the market’s value. Our goal is to attract traders and visitors to the market and achieve the highest level of success. With its distinct global platform for car trade, Souq Al Haraj is a major destination for buying and selling cars in the region, with a steady flow of activity and an impressive turnout from both domestic and international visitors year-round.”

Al Suwaidi stressed that the customer service centre at the souq, which includes a highly efficient specialist team, works to provide timely and quality services to clients. In addition, the Operations Department works to international standards, utilising the best quality and safety systems on the market to ensure a sustainable environment.

Souq Al Haraj is the largest automotive market in the Middle East and occupies an area of over 3 million square feet. It is situated off Sheikh Mohammed Bin Zayed Road and hosts an extensive range of car showrooms, car accessories stores, and various other retail outlets such as restaurants, car care services, vehicle inspection and renewal services, money changers, insurance agencies, printing centres, and much more.