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FINANCIAL NEWS
Dubai’s Al Nabooda Automobiles to open 10 new facilities
02 Jul 2012
(MENAFN) Dubai’s Al Nabooda Automobiles’ CEO, K Rajaram, stated that the company will spend USD245 million during the coming 2 years to open 10 new facilities, reported Arabian Business.
Rajaram added that the car dealer’s Audi new car sales terminal on Sheikh Zayed Road, Dubai, which will be finished in September at a cost of USD32.25 million, will be the largest in the world.
Moreover, the company’s new car storage facility in Jebel Ali will be also completed in September, with a cost of USD1.90 million.
The CEO also said that Al Nabooda’s new USD23.27 million Audi, Porsche, VW showrooms and combined workshop in Fujairah will be launched by the end of 2012.
It is worth noting that in July 2013, Al Nabooda, the solitary distributor of Porsche, Audi and Volkswagen in Dubai and the northern Emirates, will launch its Sharjah facility, which is forecasted to cost USD32.66 million.
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