DriveArabia fully acquired by the Dubizzle Group
May 03, 2024 Websites
Motoring website DriveArabia has been acquired by the Dubizzle Group to compliment its flagship online marketplace, dubizzle cars.
"We are happy to welcome Drive Arabia into the Dubizzle Group family," said Haider Ali Khan, CEO at Dubizzle Group MENA. "This acquisition aligns with our strategic vision to provide our users with an unparalleled experience in the automotive space. Drive Arabia's strong brand recognition and reach will further strengthen our existing portfolio and enable us to deliver even greater value to our customers while strengthening our leadership position in the automotive space.
“This is just the beginning and we are keeping a very keen eye on any other M&A opportunities that further help us expand our offerings in the verticals we operate in. Our immediate plans for Drive Arabia include a significant investment in the platform to enhance its core value proposition as a transparent tool for car prices, specifications, and other relevant details to help us become the go-to platform for new car launches in the region.”
Mashfique Hussain Chowdhury, who founded DriveArabia in 2004, said the website’s core team will remain intact.
“Marouf Hussain Chowdhury will be continuing as the Content Manager, while Mohamed Naeem will take on a role in advertising,” he said. “I will be around in a consulting role as we have big plans for DriveArabia.”
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