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FINANCIAL NEWS
GCC’s Automobile industry to grow 5.9 percent to 2017
17 Mar 2014
(MENAFN) Automobile industry is expected to flourish in the GCC countries as vehicle sales will reach 2 million units over the following few years, according to the Peninsula Qatar.
Vehicle sales are expected to keep growing in the region on the back of sustained economic growth rates and strong investments in infrastructure.
Sales of cars and pickups are estimated to record a cumulative annual growth rate (CAGR) of 5.9 percent between 2012 and 2017, reaching 1.66 million units.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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