By John Lee. Egypt-based GB Auto (Ghabbour Group) has been appointed as the distributor of the Chinese-owned MG car brand in Iraq. According to Trade Arabia, the new partnership will see six MG showrooms opened across the country, in Erbil, Baghdad (on 62 St and at Baghdad Mall), Duhok, Sulaymaniyah and Basrah. Operations are expected […]
Tag Archives | Ghabbour Group
GB Auto "ends Hyundai Representation in Iraq"
By John Lee. GB Auto (Ghabbour Group) has reportedly decided to cease its representation of Hyundai passenger cars in Iraq. According to Daily News Egypt, the company rejected Hyundai's new multi-distributor strategy, on the basis that such models never yield proper returns on investment. It adds that Hyundai had a market share of approximately 25 […]
Hyundai Signs $36m Contract for Iraqi Car Plant
The 'Iraqi Automobile Industry Company' [State Company for Automotive Industry] has reportedly signed a contract with the South Korean company Hyundai to manufacture and assemble Hyundai cars. The contract, worth with 44 billion Iraqi dinars [$36 million], involves the production of 2000 saloon cars annually. The manufacturing line is to be completed within three years. […]
Tags: GB Auto, Ghabbour Group, Hyundai, Iraqi Car Market, korea, State Company for Automotive Industry (SCAI)
Egypts GB Auto Sees Q2 Net Sales Doubling, Boosted by Iraq Sales
Egypt's GB Auto expects to double its profit in the second quarter, boosted by an increase in its vehicle sales to Iraq, company executives said on Thursday.