Page 397 - Ministry of Economy - December 2017

12/25/2017 UAE car prices are highest in GCC: FNC member - Khaleej Times

HOME > NEWS > GOVERNMENT

UAE car prices are highest in GCC: FNC member

Jasmine Al Kuttab/Abu Dhabi
Filed on December 6, 2017 | Last updated on December 6, 2017 at 06.10 am

(alamy.com/ae)

The minister of economy clarified that car agencies usually only make five per cent profit
from any vehicle purchase.

Vehicles in the UAE are priced the highest in the GCC, and a cap on prices is needed, because "consumers will
face many challenges once VAT (value-added tax) is implemented", said a Federal National Council (FNC)
member on Tuesday.

During the FNC session held in Abu Dhabi, FNC member Saeed Saleh Al Rumaithi from the Capital, raised the

https://www.khaleejtimes.com/news/government//car-prices-in-uae-are-highest-in-gcc-fnc-member 1/3