GULF AUTO MARKET EXPERIENCES STELLAR GROWTH
April 1st, 2007
BY PAUL COCHRANE, in Dubai and Manama, BahrainTHE CAR market in the Arab Gulf, particularly in the United Arab Emirates (UAE), is experiencing stellar growth across the board, fuelled by a surge in population and strong economic growth.In the last five years, the UAE market has grown by over 300% to reach 2.5 million cars on the road, said Guy Edmunds, General Manager of Honda.That figure has slowed in the past few years as infrastructure struggles to keep up with the rise in vehicles, but last year Dubai's car sector grew 30%, with 212,867 vehicles registered ...
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