Flash Reports

Oman

Oman Automotive industry flourished in the last decade with an impressive growth in the sales volume from 114.000 units in the 2004 to a record of 217.000 in the 2013. The recent fall of oil price in the international market hit the sector with a rapid decline reported for the 2015 and 2016. The local market has now achieved the level to be addressed by international investments for a local production. The first producer will be the Iranian Iran Kodro having signed an agreement to start up a CKD plan in the next three years.

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