Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Jaguar-Land Rover in feasibilitystudy to set up KSA car facility  Join our daily free Newsletter

MENAFN - Arab News - 26/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN -Arab News) AGUAR-LAND Rover (JLR)’s Justin Weaving, regional sales director in the Middle East and North Africa (MENA), had confirmed in an interview with Arab News that the company is undergoing discussion with the Saudi government for building a car facility in the Kingdom to make use of cheap aluminum production.

“A Letter of Intent has been signed and a detailed feasibility study is under way to determine the viability of setting up an automotive facility,” he said.

Weaving was in Saudi Arabia last September where he conducted a long-term review of the market based on continued investment currently being projected by their distributors in Saudi Arabia Mohamed Yousuf Naghi Motors (MYNM)

Amr Badghaish, director of marketing at MYNM, said the company is expecting to close 2013 with record sales reaching more than 2140 units and a growth of 48 percent over 2012.

This impressive performance was driven by MYNM’s commitment to support and develop both brands in Saudi Arabia in addition to the strong stream of product innovations that included four major launches over the past two years

The whole of MENA market’s sales have increased by 38 percent from January to September 2013 over the same period of 2012, said Weaving

“This was largely driven by demand of the flagship Range Rover, the All-New Range Rover Sport and the Jaguar XJ and XF,” he said.

As one of our top two markets in the region, Saudi Arabia continues to be a priority for us in terms of sales and after-sales customer service, he said

Weaving confirmed that MENA is very significant for Jaguar Land Rover and the company is constantly looking at ways to expand its business in the region.

“Saudi Arabia is one of our top two markets in the region and we have ambitious plans to further enhance the customer experience across the Kingdom.”

This will be a key priority for the JLR in 2014, and the company will work closely with its exclusive Saudi dealer for JLR, MYNM, to deliver on this



On prospects for the Saudi market in 2014, Badghaish said MYNM will continue its strategy of strong brand support and network expansion in 2014.

Currently, MYNM operates a wide network of branches in Jeddah, Riyadh, Alkhobar, and recently in Makkah and Madinah providing its customers throughout the Kingdom with the latest JLR models at competitive prices, premium aftersales service and genuine parts.

In addition, a new state-of-the-art showroom is planned for Riyadh in the first quarter of 2014.

Other major investments in network expansion are also in place to improve the JLR customer experience in Saudi Arabia

Badghaish also confirmed that all Jaguar and Land Rover models are positioned to appeal to different segments of the premium automotive target audience.

As the Saudi market is characterized by large households on the one hand and varying terrains on the other, large SUVs are amongst the most preferred vehicles.

In this segment JLR has three models on offer that cover a wide spectrum of customer needs, these are the Range Rover, Range Rover Sport and Land Rover LR4 where all three models offer luxury, capability and leisure.

On the Jaguar side, the large sedan Jaguar XJ is the main growth driver in Saudi Arabia, offering a seductive mix of striking design and robust performance.

It is also worth noting that Saudi Arabia is the leading market in XJ sales in the MENA region.

Weaving adds that JLR focuses on a combination of premium luxury craftsmanship, performance and design to appeal to the taste and preferences of customers.

JLR vehicles are manufactured to cope with the conditions in this region while boasting essential features for MENA customers.

 


Arab News




  MENA News Headlines
 Feb 11 2016 - Senior Iranian military official: US is subordinate to Iran in Middle EastThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) The commander of the Basij paramilitary force of the Islamic Republic of Iran Mohammad Reza Naqdi vowed that Tehran “will not make any compromises with ...

 Feb 11 2016 - Russia ready to discuss Syria ceasefire at international talksThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Russia said Feb. 11 it was ready to discuss a ceasefire in Syria as foreign ministers gathered in Munich in a bid to kick-start peace talks derailed by the ...

 Feb 11 2016 - Austria tells Balkans to curb refugee flowThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Croatian Interior Minister Vlaho Orepic said trains will begin transporting refugees directly from the Macedonia-Greece border to Austria without stopping in ...

 Feb 11 2016 - UAE- Google software can qualify as 'driver'Khaleej Times
(MENAFN - Khaleej Times) US vehicle safety regulators have said the artificial intelligence system piloting a self-driving Google car could be considered the driver ...

 Feb 11 2016 - UAE- Technology powerhouses converge on Middle East's premier education exhibitionEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI 11th February 2016 (WAM) -- Leading global technology stalwarts are converging on GESS Dubai to showcase the very latest advances in the education ...

 Feb 11 2016 - Abu Dhabi petrochemical producers promote Waste Free EnvironmentEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI 11th February 2016 (WAM) -- Committed to supporting UAE National Environment Day on the 4th of February over 3000 people including students from ...

 Feb 11 2016 - RTA briefs delegation of Dubai Traffic Prosecution about customer service strategiesEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI 11th February 2016 (WAM) -- The Roads and Transport Authority RTA has recently received a delegation from the Dubai Traffic Prosecution and briefed ...

 Feb 11 2016 - UAE- Emirates Post Group offers onsite interviews and CV preparation workshops for job seekersEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI 11th February 2016 (WAM) -- Emirates Post Group is highlighting employment opportunities available for Emirati job-seekers in the group and its ...

 Feb 11 2016 - UAE Ambassador meets with Jordanian OfficialEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) AMMAN 11th February 2016 (WAM) -- Bilal Rabie Bilal Al Bodour UAE Ambassador to Jordan yesterday met with the UAE-Jordan Parliamentary Committee chaired by ...

 Feb 11 2016 - UAE- Lubna Al Qasimi emphasises unified international efforts to secure sustainable and creative financial solutionsEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI 11th February 2016 (WAM) -- Sheikha Lubna bint Khalid Al Qasimi Minister of State for Tolerance Head of the UAE Committee on Foreign Humanitarian ...

more...


 






Google

Internatinal Property Show

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help