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Bosch Middle East sales post 11 percent growth
(MENAFN) Robert Bosch Middle East was confirmed to have seen a surge by 11 percent in sales last year, earning up to USD566 million.
Vice president and general manager Volker Bischoff explained that such a growth was driven by "various expansion initiatives".
However, Bischoff said "this year, we expect Bosch's business in the Middle East to grow in the single digit range."
Bischoff added "in spite of a more subdued GDP growth in the region, the GCC continues to provide business opportunities for our products and services - especially in the building and construction sectors - and maintains efforts in diversifying local economies further."
Vice president and general manager Volker Bischoff explained that such a growth was driven by "various expansion initiatives".
However, Bischoff said "this year, we expect Bosch's business in the Middle East to grow in the single digit range."
Bischoff added "in spite of a more subdued GDP growth in the region, the GCC continues to provide business opportunities for our products and services - especially in the building and construction sectors - and maintains efforts in diversifying local economies further."
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