Ford embraces FII to boost smart mobility in Mideast

Raj Rao, CEO of Ford Smart Mobility LLC
Updated 02 November 2017

Ford embraces FII to boost smart mobility in Mideast

The Future Investment Initiative (FII) summit last week in Riyadh gathered together the world’s most powerful investors, business leaders, thought leaders and public officials to discuss innovations that are defining the future.
Raj Rao, CEO of Ford Smart Mobility LLC, joined a panel discussion on Building the Future — a forum that discussed ways in which global authorities can prepare for the next wave of global commerce with large scale infrastructure projects.
“I am delighted to be part of the Future of Investment Initiative conference and I am looking forward to participating in the discussion and exploring how mobility services could play a role in Saudi Arabia,” Rao said prior to the event.
“Saudi Arabia is our largest market in the GCC and the Middle East overall, and our commitment to this key market is absolute. With Saudi Vision 2030, we see a bright future for the Kingdom and we trust that the diversification of its economy will reap positive outcomes for all industries,” he added.
By 2030, the projected population of Saudi Arabia is expected to reach close to 40 million; the UAE could reach 12 million, and each of the remaining GCC countries are also expected to experience significant boosts to their populations.
According to the global consulting firm KPMG, 80 percent of auto executives expect the connectivity trend will be disruptive and 83 percent anticipate major disruptions to their business models within the next five years.
At the same time, cities are faced with the challenge of transporting people and goods more efficiently and affordably with a minimal carbon footprint. “This has created opportunities for companies like Ford to explore new ideas in smart mobility while expanding their business models to embrace these disruptive technologies,” Ford said in a statement.
“Things are developing so quickly in the Middle East. A dimension that is unique here is the rate of change to the infrastructure and all of these economies wanting to be at the forefront of technologies. They are doing a lot to make their cities intelligent. There are many smart city initiatives and a lot of infrastructure that has already been built to make cities operate more efficiently,” said Rao.


HHA reports Aston Martin sales growth in 2019

Updated 19 February 2020

HHA reports Aston Martin sales growth in 2019

Haji Husein Alireza & Co. Ltd. (HHA), the exclusive agent of the luxury Aston Martin Lagonda brand, announced that it has achieved a significant growth in its sales at the end of the year 2019 compared to the same period last year.

Before unveiling the SUV DBX four-wheel drive model in the Middle East, the company showcased the car to its top customers on special occasions. DBX is considered to be the first sport utility vehicle introduced by Aston Martin.

The model is powered by a four-liter, twin-turbocharged V8 engine and features an output of 550 PS and 700NM of torque. It rockets to 100 kilometers per hour in 4.5 seconds. Its top speed is 181 mph. Deliveries are expected to begin in mid-2020.

Ali Hussein Alireza, managing director of HHA, said the positive sales results are due to the “unprecedented interest” in the DBX model since the first day of its presentation to customers, outselling many international dealers in markets of Asia, the US and Europe. “I would like to take this opportunity to express my sincere gratitude and appreciation to Aston Martin customers in Saudi Arabia for giving us this great confidence, which led us to this achievement that we are very proud of,” he added.

“Our car sales have been exponentially growing since the first month of the year 2019 with the launch of the DBS Superleggera model, until the end of December. The demand for Aston Martin models has increased after we had the opportunity to participate in Riyadh Season, where the new model was displayed and was highly impressive. We have received reservation requests that have put us at the forefront of sales worldwide,” Alireza said.

“With the positive expectations of the automotive market in Saudi Arabia for the year 2020, we are confident that our sales will also increase after we made investments in Aston Martin after-sales service centers in the Kingdom of Saudi Arabia, starting from Riyadh to Jeddah and the Eastern Province, in order to prepare an integrated network of service centers that have been established in accordance with the highest international standards and to keep pace with customer expectations,” he said.