Kuwait continues to represent one of the more attractive autos markets of the Gulf region, as it has positive growth potential in both the volume and high-end segments. As such, BMI remains upbeat on the outlook for the Kuwaiti new vehicle sales market, with the country offering strong growth potential in both the volume and high-end segments. In H113, new car sales were reportedly up by 8%. This bodes well for BMI’s forecasts for total new vehicle sales to rise by 9.1% over the full year. Looking forward, we believe that strong annual growth (in the order of 8-10%) can …
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