RIYADH: Leading Middle East automotive company Ghabbour Auto company (GB Auto) forecasts a 30 percent increase in car sales in the third quarter of this year, quarter-on-quarter, Board Member Mansour Qabbani told Al Arabiya.
The company was able to sell 10,000 cars in the second quarter of this year, said Qabbani, expecting sales to reach 13,000 cars in the third quarter across the ME region.
The automotive industry sector achieved revenues of 5.8 billion Egyptian pounds in the second quarter of this year, with a net profit of 231 million Egyptian pounds, according to Qabbani.
