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FINANCIAL NEWS
Volvo Group plans to expand presence in UAE, Saudi and Qatar
30 Jan 2012
(MENAFN) The Volvo Group’s CFO, Anders Osberg, said that in the current year, the company plans to further expand its business in the UAE, Saudi and Qatar, reported Gulf News.
Osberg added that the group, which manufactures trucks and construction machinery parallel to Volvo Cars, sees Saudi as a potential good market from the trucks and construction equipment point of view.
He also said that the group was contented with its presence in emerging markets, including China and the Middle East; however, it was waiting to see what would develop in Europe and the US.
It is worth noting that in 2011’s third quarter, Volvo Group’s sales reached USD45 billion.
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