Renault strengthens its Middle East organization to boost performance in region
- United Arab Emirates: Wednesday, January 23 - 2013 at 15:17
- PRESS RELEASE
In 2012, Renault volumes in the consolidated scope of countries of Renault Middle East have grown by 10% to reach 116,952 units for a total market share in the region of 4.4% vs 3,5% in 2011.
Renault Middle East will use the resources and talents of all Renault teams already present in the region to maximize Renault's performance and market share. As such, Renault will strengthen all its functions in the region through a reinforced proximity to markets.
From February 1st, 2013, the following 12 countries will be consolidated under the scope of Renault Middle East: Afghanistan, Bahrain, Iran, Iraq, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria and United Arab Emirates.
Gilles Normand, Chairman of the Asia-Pacific region, said, "The creation of Renault Middle East is designed to meet our growth objectives in the overall Asia-Pacific region which represents 50% of the worldwide automobile market. The Middle East is a very dynamic and high potential market which is strategic for us. This new organization is clearly a new milestone in our brand development in this part of the world."
Peyman Kargar, Renault Middle East Managing Director, said, "Our current regional office has shown the way with a significant increase in market share in the GCC from 0.2% in 2010 to 1% in 2012. This was a first and challenging step to establish our position and the basis for sustainable growth. But Renault deserves more than 1%. Our new organization will be fully transversal between all functions and the 12 countries to seize all business opportunities. Our objective with our partners is to further boost our brand potential and market share in the Middle East."
Part of the new organization changes, Mustansir Lakdawala after 3 years as Managing Director of Renault GCC will return to Nissan for a new assignment while Hakim Boutehra will be appointed Commercial Director of Renault Middle East.
The creation of Renault Middle East is completely in tune with Renault's international expansion strategy outside of Europe in high-growth and high-potential markets. In 2012, Renault sales outside of Europe exceeded 50% for the first time, compared to 18% in 2002.
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