GAZ Group signed a memorandum of understanding with one of Saudi Arabia's largest private industrial companies
OREANDA-NEWS. On October 6th, GAZ Group signed a memorandum of understanding with HAKA Group, one of Saudi Arabia's largest private industrial companies. The parties agreed on joint work on the launch of the GAZ brand line of commercial vehicles on the Saudi market. In the future, it is also planned to organize a production site, which will be opened with the financial support of the Saudi government, reports the press service of the GAZ Group.
As Christian Kremer, Senior Vice President for Sales and Marketing of GAZ Group, said, Saudi Arabia has good potential in terms of sales of commercial vehicles. Therefore, together with the partner in 2018, "GAZ Group" plans to begin the sales of large-capacity trucks "Ural", light commercial vehicles "GAZelle Next" and "GAZon Next". The company also views Saudi Arabia as a springboard for further business development throughout the Arabian Peninsula and the countries of the Persian Gulf.