MAN passes Middle East milestone of 25,000 trucks
MAN has sold over 25,000 trucks in the Middle East since 2006.
MAN Truck and Bus Group has sold over 25,000 trucks and nearly 1400 buses in the Middle East since it opened its regional headquarters in the Dubai Airport Free Zone in 2006.
The company has reported total sales of 56,787 vehicles in the Middle East and Africa region – 6031 buses and 50,756 trucks – since 2006.
Markus Geyer, CEO Sales Region Middle East & Africa at MAN Truck & Bus, says the figures reaffirm the position of MAN as one of the leading suppliers of transportation solutions in the Middle East and Africa.
“In the aftermath of the economic slowdown during 2009-2011, our sales have steadily picked up growing by over 18% y-o-y in 2010 and nearly 27% y-o-y in 2011.
“For the last six years we have been providing our transportation solutions which combine efficiency, safety, comfort and environmental friendliness to our customers – private sector organisations and especially the public sector.”
The company reported MEA revenue of $1.6 billion (€1.28bn) over the past two years, made up of $737 million in 2010 and $870 million in 2011.
MAN has strong growth expectations for the Middle East. Speaking in the June edition of PMV Middle East, Geyer said that the company sees Middle East and Africa as having huge growth potential.
“We don’t see substantial growth over the next 20 years in Europe. The population is aging and stable, but in MEA I am sure markets are going up – populations are young and growing.”
By 2020 the company aims to sell 20,000 units in the MEA region, comprising 18,000 trucks and 2000 busses.
MAN Truck & Bus Middle East operates through a network of 35 private capital dealers and importers in 14 countries.