GULF CAR SECTOR BOOMING, BUT WITH A FEW EXCEPTIONS SAY EXPERTS
January 1st, 2008
BY PAUL COCHRANE, in Kuwait City and Beirut
THE AUTO sector and market of the Middle East's Gulf region experienced yet another boom year in 2007 on the back of high oil prices, a rising population and strong economic growth. But although sales were uniformly high among the six Gulf Arab states that make up the Gulf Cooperation Council (GCC), Kuwait had a noticeably slower year, particularly for American and European brands.
GM sales in the GCC were up 1% in 2007 to 128,154 units. Qatar led the way with sales up 42% in 2007 to 7,424 units, Oman up 39% on the ...
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