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“Recession is no doubt here and there is also slowdown in the market, but we believe that the Gulf economy is stable, Layali told Khaleej Times.
Meanwhile, Continental AG announced a partnership with Emirates for Universal Tyres for the distribution of passenger and light truck tyres as well as commercial vehicle tyres in the UAE. These activities are coordinated from the representative office of Continental’s new business unit MENENA, which is focusing on business development in the
“We are very excited about working together to further grow the brand and gain market share in the region,” Layali said.
Emirates for Universal Tyres recorded $2 billion turnover in 2006. The company has three showrooms and a service centre in
It will have the biggest tyre showroom — 650 Sq.m.in
abdulbasit@khaleejtimes.com
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