Al Haraj souk in Sharjah is seeing demand for electric cars and cars with small engines

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Sharjah: Souq Al Haraj in Sharjah, a project of Sharjah Asset Management, investment arm of Sharjah government, is seeing demand for electric and hybrid vehicles with small and economical engines by car dealers and customers, both in inside and outside the UAE. These environmentally friendly vehicles consume less gasoline than large vehicles.

Engineer Saeed Matar Al Suwaidi, Senior Manager of Souq Al Haraj, said: “There is a demand for new hybrid vehicles, which are economical and more environmentally friendly, as they save fuel consumption while reducing harmful carbon dioxide emissions. Electric cars with smaller, more fuel-efficient motors are entering the market and attracting growing interest from consumers. Auto dealers are looking to switch from internal combustion engine vehicles to hybrid-powered electric cars, which offer a great middle ground. We expect greater demand for hybrid electric vehicles in the coming period. »

Al Suwaidi added: “Al Haraj Souq in Sharjah is a premier destination for car dealers, buyers and enthusiasts. The occupancy rate of Al Haraj Souq in Sharjah reached 99% during the first quarter of this year, confirming its position as one of the region’s most important and largest markets.Its strategic location helps support the automotive trade sector, revitalizing economic movement in the emirate, in line with its strategic plans to establish facilities and services to meet the needs of those interested in the automotive market.

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About Sharjah Asset Management

Sharjah Asset Management Company, the investment arm of the government of Sharjah, is a world-renowned company for wealth creation and was established exclusively by the government of Sharjah. Sharjah Asset Management strives to build a solid strategy for the future of the emirate of Sharjah, developing a competitive economy and promoting economic development. Sharjah Asset Management is leading the way in economic diversification, accomplished by expanding the reach of multiple industries and developing world-class facilities to create sustainable investment opportunities.

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