Nissan Motor Co. is planning on introducing new models in the Arab world and increasing capacity at its local factories as part of a bid to secure the largest market share in the Middle East.
The carmaker plans to increase its market share to more than 20 percent by 2022 in the Gulf and in Egypt, from 16 percent and 15 percent, respectively, Peyman Kargar, chairman of Nissan in Africa, the Middle East and India, said in an interview. The company is currently No. 3 in Egypt and second in the Gulf.
"We want to double our industrial footprint in the Middle East, Africa and India by 2022," said Peyman, adding that Nissan is looking to boost its production facilities in the region to more than six.