UK: Middle East market grows much faster than Africa - study
Global Insight's new Middle East and Africa Forecast Report shows that since 1995, the 11 Middle East and African markets covered in the report have grown 77%, from 820,000 light vehicles to close to 1.45 million vehicles in 2002. According to the study, there has been a clear split between the markets of the Middle East and Africa. The Middle East car and LCV markets have grown 149% since 1995, which is definitely faster than any other region. In the three African markets covered in the report, growth over the same period has been just 8%.
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