Topic Discussed : Commercial Vehicle Market in Middle East

Speakers : Zaheera Ahmed

Key Takeaways:

The GCC's economic downturn has affected commercial sales over the last few years. However, the recovery of the oil price has positively affected the oil-dependent economies across the region. Regulatory changes such as VAT implementation and emission standards are also affecting the sales of vehicles as vehicle prices increase, and regulations are set to overhaul fleets. Growth within the commercial vehicle space is expected once again, which will be driven by the significant investment into infrastructure for transport and specifically tourism. Mega projects planned and those under development will drive the demand for commercial vehicles

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Related Keywords: Frost&Sullivan, Saudi Arabia, Kuwait, Oman, Bahrain, United Arab Emirates, Qatar, commercial vehicles, light commercial vehicles, heavy commercial vehicles, medium commercial vehicles, MAN, Ashok Leyland, Mitsubishi, Toyota, Isuzu

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