Mujtaba Ayub

Strategy, insights & analytics APAC & MENA

Work/Growth and market entry

Taking a local marketplace into MENA

PakWheels was a profitable, venture-backed used-car marketplace in Pakistan looking for its next growth vector. This work scored the MENA markets one at a time and set out what the business would have to look like in each of them.

Organisation
PakWheels
Region
Pakistan and MENA
Focus
Market entry, opportunity sizing
bubble size = used-car market value ยท multi-market opportunity scan used-led market new-led market digital readiness used-car market size lower higher UAE $20B used KSA $4.6B Kuwait Oman Bahrain Qatar Egypt

Context

The business was profitable at home. It ran a classifieds marketplace for cars, bikes and accessories, with a services layer covering engine inspections and assisted selling. Growth at home alone was not going to be enough.

MENA looked attractive on population, vehicle ownership and spending power. The open question was how much of a business built around Pakistani market conditions would actually transfer.

Mandate

Assess each MENA market on its own terms, then recommend where to enter and what the operating model should look like there.

Approach

I built a market-by-market scoring model across MENA. It combined macro indicators, demographics, a custom digital readiness index, the competitive and services landscape, and how mature used-car buying was relative to new.

Consumer behaviour was segmented by nationals and expatriates, because the two groups buy and sell through very different channels.

For each market I mapped the specific gaps, sized the used-car opportunity, and recommended a phased operating and revenue model for that country rather than a single regional playbook.

Outcome

UAE ranked first, on the strength of a large, mature used-car market and high digital readiness. There the winning moves were listings depth, transaction speed, and a layer built around the South Asian expatriate community.

KSA qualified next on the opposite profile. Its used-car market was growing quickly but was digitally immature, so trust infrastructure, inspections and Arabic-first onboarding mattered more than listings volume.

The wider finding was that transferability varied a great deal by country rather than holding across the region. The classifieds engine was portable everywhere. Go-to-market had to be re-cut market by market, which is why entry was staged to lead with listings and layer services and community events once inventory and users were in place.