German truck manufacturer MAN has revealed that the Middle East accounts for 10% of its new business globally.
MAN has an annual turnover of $540 from the 14 countries making up the Middle East sales region and a 25% retail market share for trucks sold by all players into the greater than 16 ton GVM sector.
David van Graan managing director, MAN Trucks MEA region described the Middle East as one of the “most exciting and quickly evolving territories on the planet”.
Speaking at a construction industry round table last week moderated by PMV, he said that Iraq could be the next “Saudi Arabia”, but he believes that the GCC is heading for an “exciting decade”.
“Obviously, there are a few very interesting infrastructural development projects and also government supported social development projects which will be very exciting over the next decade,” van Graan told PMV. “Saudi Arabia is making very large investments on many fronts, Qatar has an ambitious and dynamic expansion plan, Oman is bringing long-awaited developments to fruition, Iraq is on a massive resurgence and the UAE has a variety of world-leading initiatives.”
