Companies / Kuwait
Extended Growth Forecast For Kuwait
February 2007 | BMI ViewIn its latest Kuwait Automotive Report, BMI estimates that automotive sales totalled 106,210 units in 2006, a 1.8% rise over 2005. Published results from autos majors show that Kuwait's sales growth was the lowest in the region. For example, GM sales growth in Kuwait was 5%, compared to 61% in the UAE and 17% in Saudi Arabia. Growth was constrained by a high level of car ownership and a volatile stock market, in which many Kuwaitis have invested their savings. However, 6.5% growth in nominal GDP helped prevent a decline in
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