ford eyes iraq expansion despite security concerns
Last Updated : GMT 06:41:18
Arab Today, arab today
Arab Today, arab today

Ford eyes Iraq expansion despite security concerns

Arab Today, arab today

Arab Today, arab today Ford eyes Iraq expansion despite security concerns

Dubai - Arabstoday

Ford is looking at expanding into Iraq despite ongoing concerns about security and stability in the country. \"The biggest opportunity coming up is Iraq. The stability and security is still an issue but that is a growth market, especially as hopefully the situation improves and they have great plans to increase oil output. It\'ll be a long-term opportunity, but it\'s out there. We see it as a big opportunity longer term,\" said Larry Prein, managing director of Ford Middle East. Ford currently has one dealership in the country and is working with them to make a mark in Iraq. Prein said that the company also plans to expand in Saudi Arabia next year. \"We\'ve seen stability in most markets in the Middle East and growth in some markets like Saudi Arabia,\" he said. The carmaker is enjoying good sales in the Middle East. Ford and Lincoln sales were up 55 per cent year on year while in the UAE they reported increases of over 30 per cent. \"The new products we\'ve brought out have been well accepted. A lot of it is also by word of mouth. Ford is doing well around the world,\" said Prein. In the UAE the Edge and Explorer are their most popular models with around 70,000 sales this year. According to Prein, Ford sales will reach their 2008 levels by next year. \"From a car sales standpoint we will do almost as well as we did in 2008. We\'ll do better than 2008 next year,\" he said. Service outlet \"We\'re working closely with our dealerships. Al Tayer [Motors] has opened a new dealership in Ras Al Khaimah this year, in Fujairah they opened a new service outlet in Al Qubaisi. They\'re working on a new body shop. We\'re trying to make sure we have the right customer convenience throughout the region. We\'re handling it on a country by country and case by case basis,\" he added. Elsewhere, the American car manufacturer has seen disruption in certain Middle Eastern markets such as Syria and Bahrain. \"Syria has been affected heavily. We\'ve stopped our distribution there in line with President Obama\'s executive order of August 18. Syria had significant sales but we were still limited to selling mostly non-North American products. Even before the executive order there were limitations on the amount of US content that could be sold on the vehicles there. Bahrain was also impacted. Otherwise we haven\'t seen a lot of impact in most of our markets,\" said Prein. The company is also waiting to find out how much the recent flooding in Bangkok will affect their supply chain. \"Some suppliers are in the impacted area so we are still waiting to get a better assessment of how much damage they\'ve had and what type of impact it\'s had on production if any. Right now it\'s been minimal for us. We expect some kind of impact but it\'s not going to be significant for us,\" said Prein.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

ford eyes iraq expansion despite security concerns ford eyes iraq expansion despite security concerns

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

ford eyes iraq expansion despite security concerns ford eyes iraq expansion despite security concerns

 



Arab Today, arab today
Arab Today, arab today Skincare PR Performance Full Year 2017

GMT 10:35 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Arab Today, arab today New hunt for flight MH370 gets under way

GMT 02:36 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today France sanctions businesses linked

GMT 01:58 2018 Wednesday ,24 January

France sanctions businesses linked
Arab Today, arab today Turkey detains dozens more

GMT 02:09 2018 Wednesday ,24 January

Turkey detains dozens more
Arab Today, arab today
Arab Today, arab today

GMT 07:22 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 07:23 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 22:38 2018 Tuesday ,23 January

Bahrain Press headlines

GMT 20:34 2018 Saturday ,20 January

Bahrain press headlines

GMT 16:25 2016 Thursday ,22 December

Italian bank Monte Paschi edges closer to state bailout

GMT 06:03 2014 Wednesday ,09 April

Please .. Let Gaza breathe!

GMT 09:12 2017 Friday ,17 November

Gleam Futures represents Grace Beverley

GMT 04:18 2017 Sunday ,26 November

Bella magazine appoints celebrity writer

GMT 06:00 2017 Sunday ,29 October

Childrenswear brand Once appoints Dyelog

GMT 16:33 2014 Thursday ,13 November

Al-Ehtimam Bil Aakhareen

GMT 03:34 2017 Sunday ,05 November

Needle & Thread relocates press office

GMT 14:56 2017 Thursday ,21 December

Ryanair says formally recognises pilots' union

GMT 16:03 2017 Thursday ,21 December

US hits Myanmar general in new global rights sanctions
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday