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MENAFN - Muscat Daily - 11/09/2012

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(MENAFN - Muscat Daily) The global motor industry depends on motor vehicle production for demand and over the past few years it has been plagued by increasing fuel and metal prices and a series of stringent emissions and fuel economy regulations, that has slowed demand for new vehicles, parts and accessories.After slashing production in an attempt to reduce inventory in 2009 and slowly getting back on its feet in 2010 and 2011, the global car manufacturing business is bouncing back.And it's the automotive spare-parts business that is of interest to Oman and the Public Authority for Investment Promotion and Export Development (PAIPED).''We commissioned Atkins to carry out a study to identify and assess the commercial and investment opportunities offered by the automotive sector.In this regard, we're hosting a seminar on September 17 at Crowne Plaza Muscat to discuss the study and the related commercial and investment opportunities. We'll also be launching an e-automotive investment brochure,'' said Faris al Farsi, director general, investment directorate, PAIPED.

 






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