ICD and TUV SUD to develop private sector in Central Asia

The chief executive officer and general manager of ICD, Khaled Al-Aboodi and the managing director of TUV SUD Central Asia, Anar Ahmadov, at the signing ceremony in Astana, Kazakhstan, on Wednesday.
Updated 19 March 2017
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ICD and TUV SUD to develop private sector in Central Asia

The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of Islamic Development Bank (IDB) Group and TUV SUD, signed a memorandum of understanding (MoU) to foster their joint operations, and expand the services offered to private sector investors in the countries of Central Asia.
The chief executive officer and general manager of ICD, Khaled Al-Aboodi and the managing director of TUV SUD Central Asia, Anar Ahmadov, signed the MoU on behalf of the two corporations at the IFN CIS Forum in Astana, the capital of Kazakhstan, on Wednesday.
The aim of the MoU is to facilitate cooperation between ICD and TUV SUD in promoting private sector participation in developing the member countries and inform about business opportunities in countries of Central Asia. This partnership will enable the two institutions to work closely on, among other things, market studies related to the transit and logistic sector in the common member countries.
During the signing ceremony, Khaled Al-Aboodi welcomed the expanding relationship between ICD and TUV SUD Central Asia. “Ensuring close and effective cooperation between international institutions has to be a top priority in this period of economic turmoil. ICD and TUV SUD can provide mutual assistance to promote private investment and infrastructure in the member countries, to create jobs and future growth opportunities.”
Anar Ahmadov added: “This MoU will enhance closer and more effective collaboration between TUV SUD and ICD and render our respective activities more effective and beneficial to the private sector players in the countries in which we undertake our respective operations.”


Genesis G70 arrives in the Middle East

Updated 19 April 2018
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Genesis G70 arrives in the Middle East

Genesis has officially launched its compact G70 luxury sedan in Middle East markets, completing the brand’s core sedan lineup. Engineered as a dynamic car with strong appeal to younger customers and more enthusiastic drivers, the G70 joins the flagship G90 large sedan and mid-sized G80 and G80 Sport.

“Genesis has been very well received in the Middle East, and the Genesis G70 will be an exciting new chapter in our story,” said Altar Yilmaz, Genesis general manager for the Africa and Middle East region. “For many of our potential customers, this is the Genesis they have been waiting for.”

The arrival of the Genesis G70 in showrooms follows a previous display presentation at the Dubai International Motor Show in November 2017, where Genesis fielded a large number of inquiries about the car. With larger G80 and G90 models already growing a strong base of loyal customers, it is expected the compact model will add significantly to the brand’s appeal in the competitive Middle East luxury car market.

The G70 showcases the future direction of the Genesis brand’s “Athletic Elegance” design identity. 

“The G70’s interior is configured to prioritize an excellent user experience, with superb fit and finish throughout. The interior packaging reflects simplicity, with an emphasis on genuine functionality instead of gimmickry. A horizontal layout brings a sense of stability, with an intuitively laid-out switchgear and a comfortable, assertive sport steering wheel,” the carmaker said.

The G70 offers two powertrains in the Middle East region — a 3.3-liter V6 petrol turbo and 2.0-liter I4 petrol turbo.  The Lambda II 3.3-liter V6 turbo GDI engine is the heart of the enthusiast-focused G70 Sport, with 370 ps and maximum torque of 52.0 kg.m (510 N.m) 0 to 100 km/h acceleration in 4.7 seconds, and a top speed of 270 km/h.