Regional sales of commercial vehicles on the rise
Sales of commercial vehicles in the Middle East and North Africa increased last year and projections indicate that the regional recovery will gain further momentum in the current year and future years. Egypt emerged as the leader in terms of growth, posting a rise in sales from the 47,721 units in 2009 to 54,170 units in 2010, an increase of 13%. This figure is expected to increase by 21%, to reach 65,841 units, during 2011, and up to 58% or 104,477 units by 2014.
According to the data collected by Streamline Marketing Group, the sales of commercial vehicles in the Kingdom of Saudi Arabia rose from 116,398 units in 2009 to 122,275 units last year. Projections indicate an increase of 7% in sales this year to reach 130,616 units, while they are expected to increase by 31% up to 2014 to reach 171,274 units.
In Kuwait, sales of commercial vehicles last year amounted to 32,494 units, with a total value estimated at U.S. $ 1.71 billion, compared with 32,046 units valued at U.S. $ 1.67 billion sold in 2009.
- Qatar seals $7.02 billion deal for French Rafale fighter jets
- A year later: how safe is flying after the Malaysian airlines' disasters?
- Nationalist glory or economic revival? Why Egyptians are rushing for two-way traffic in the Suez Canal
- Open skies vs. closed economies: American aviation giants split over competing with Gulf airlines
- The sky is the limit: has the time come for air traffic control in the GCC?
- Egypt: Nissan Motor starts production, sales of Pickup commercial vehicle
- Major bus network expansion highlights growth potential for commercial vehicles industry
- Nissan forecasts 5-10 per cent growth for region’s commercial vehicles industry in 2010
- Why vehicle sales are set to surge in the GCC this year