Quotes: US 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
 Oct 23 2014 - Kuwait- Equates wins two regional sustainability awardsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Kuwait's EQUATE Petrochemical Company has won two regional sustainability awards in recognition for its social responsibility and national cadres' skills ...

 Oct 23 2014 - Moroccan horse showThe Peninsula
(MENAFN - The Peninsula) Moroccan horsemen perform during the 7th edition of the "Salon du Cheval" (horse show) in the port city of El Jadida. ...

 Oct 23 2014 - Kuwaiti Jazeera Airways net profit up 22.6 percent in Q3MENAFN
(MENAFN) Kuwait-based Al Jazeera Airways group announced it has registered USD28 million in net profit for the July-September period of this year, an increase by 22.6 percent compared to the same ...

 Oct 23 2014 - Qatar- Lekhwiya defeat Al Wakra, Wolves heldThe Peninsula
(MENAFN - The Peninsula) Lekhwiya defeated Al Wakra 2-0 at their home ground here yesterday while Al Sadd were held 1-1 by Al Sailiya.Vadimir Weiss scored in the 68th minute for Lekhwiya and Ahmed ...

 Oct 23 2014 - Ooredoo Kuwait net profit falls by almost half in Q3MENAFN
(MENAFN) Ooredoo Kuwait, the country's No.3 telecom operator by subscribers, announced that its net profit fell by nearly half during the July-September period, Gulf Business reported.The ...

 Oct 23 2014 - Coach asks Qatar to give it all against DPR KoreaThe Peninsula
(MENAFN - The Peninsula) Qatar's coach Felix Sanchez Bas has called on his players to give their all one-last time ahead of today's AFC U-19 Championship final against three-time winners DPR Korea. ...

 Oct 23 2014 - Qatar- Handball: Doha gears up for Asian Club LeagueThe Peninsula
(MENAFN - The Peninsula) Defending champions Al Jaish - thanks to the draw - have managed to avoid a meeting with local opponents Lekhwiya and Al Gharafa in the group stage of the 17th Asian Clubs ...

 Oct 23 2014 - QIMC posts USD38.88m net profit in SeptemberMENAFN
(MENAFN) Qatar Industrial Manufacturing Company (QIMC) revealed the interim financial statements for the period ending in September 30, this year, QNA reported.The interim financial statements ...

 Oct 23 2014 - Qatar will deliver an impressive 2022 World Cup, says BrescianoThe Peninsula
(MENAFN - The Peninsula) Australian midfielder Mark Bresciano is confident that Qatar will deliver an 'impressive' World Cup eight years down the line.Bresciano, who has been playing for the last two ...

 Oct 23 2014 - Qatar- QP hosts team from Kuwait Oil CompanyThe Peninsula
(MENAFN - The Peninsula) Qatar Petroleum (QP) recently hosted a delegation from Kuwait Oil Company (KOC) who visited Qatar to gain insights on QP's marine activities and port operations.Mubarak ...

more...


 






Google

 
 

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help