Bahrain Bourse falls    A delegation of Caucasus Muslims visits King Abdulaziz Complex for Holy Kaaba Kiswa    KSA Provides 2 Million USD to Islamic Organization for Food Security    Saudi Press: KSA's Attractive Investment Environment    Asian markets mixed    Israeli forces arrest 22 Palestinians in West Bank    Command of Coalition to Restore Legitimacy in Yemen: Intercepting and Shooting Down A Drone Launched by Terrorist Houthi Militia from Saada towards KSA    Bahrain Bourse falls    Six Flags Qiddiya Unveils Park Design    SAGO to Import 780,000 Tons of Feed Barley    Lampard earns first win as Chelsea boss at Norwich    Saudi Youth Basketball Team Defeats UAE in the Gulf championship    Saudi Table Tennis Team Won 4 medals, during West Asian Championships    Saud Al-Haqbani Crowned with the Spanish Friendly Tennis Championship Shield    FAO Regional Director for Communication commends KSA for services for pilgrims    Al-Azhar Undersecretary praises KSA's services for pilgrims    SFDA Co-signs MoU with Bahraini National Organization for Regulation of Occupations, Health Services    Haifaa Al Mansour Represents Saudi Cinema at the Venice International Film Festival    A New Medical and Scientific Achievement to Serve Ophthalmology in KSA and the World    Neonate life is saved after successful Encephalocele operation    Custodian of the Two Holy Mosques Addresses Citizens and Muslims on Eid Al-Fitr    Custodian of Two Holy Mosques addresses Citizens and Muslims on the Advent of Holy Month of Ramadan    Ministry of Hajj and Umrah Launches Awareness Message on Sacrifice Day    Custodian of Two Holy Mosques addresses the Saudi people and Islamic nation on the blessed Eid Al-Fitr    Newcastle Beat West Ham 3-0 for their first Win of the Season    Mourinho insists Ibrahimovic must be good enough for Manchester United    Reforms have saved the economy from possible recession, say analysts    The King and Crown Prince congratulates Moldova's President    More than 1,5 million pilgrims arrive in Saudi Arabia, so far    MWL allocates SR 7 million for Eid sacrifice project in 47 countries    Saudi Campaign provides educational and training services for Syrians in Al-Za'tari camp    Saudi student goes missing in Kentucky, US    Harvey lashes Texas US coast with high wind, torrential rain    North Korea tests short-range missiles as South Korea, US conduct drills    Samsung leader Jay Y. Lee given five-year jail sentence for bribery    Known days    "MODON" Signs MoU with Chinese Goldwind Company for wind-turbines manufacturing in the Kingdom    Flyadeal, Saudi Arabia's new low-cost airline, scheduled to launch on September 23, reports    Mastercard launches Masterpass in the Kingdom of Saudi Arabia    Honda among 27 Japan players named for World Cup qualifiers    Joker, Harley Quinn movie in works with 'Crazy Stupid Love' filmmakers    Madhuri Dixit to venture into Marathi films as a producer    Consumers warned against using some brands of face powder, hair products    How 'GOT' makers made the frozen lake in 'Beyond the Wall'    Shraddha Kapoor wants people to help the needy    Neymar targets improvement after phenomenal home debut    Politicizing the pilgrimage    Rakhi 2017: "Bond of Love" between a brother and his sister    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.





MYNM marks 25 years of BMW success in Kingdom
Published in The Saudi Gazette on 09 - 05 - 2015

On January 1, 1990, Mohamed Yousuf Naghi Motors (MYNM) was awarded as the official BMW Group importer in the Kingdom of Saudi Arabia, giving them the legal rights to import and sell BMW Group automobiles. Twenty five years on throughout 2015, the importer will be celebrating the successful partnership with BMW Group starting with a management conference, which took place between on March 9-10 with the attendance of the Founder and Chairman Sheikh Mohammed Yousuf Naghi, Chief Operations Officer of Mohamed Yousuf Naghi & Brothers Group, Zouhair Eloudghiri, and Senior Vice President Automotive Premium Sector of Mohamed Yousuf Naghi & Brothers Group, Anees Jamjoom and Stavros Paraskevaides, Managing Director of Mohamed Yousuf Naghi Motors.
Sheikh Mohamed Yousuf Naghi, Chairman of Mohamed Yousuf Naghi & Brothers Group, said: “We are delighted to have reached this significant milestone and I would like to thank our customers for their unwavering loyalty and support over the years, which has helped to make us one of the best performing BMW Group importers in the Middle East, achieving year-on-year success. I also want to thank each and every one of our 750 employees for their relentless dedication over the years.”
Johannes Seibert, Managing Director of BMW Group Middle East, said: “This is a significant milestone to achieve. Over the past 25 years we have seen sustainable growth in the Kingdom due to the company's commitment to invest on all levels of the business. I would like to give a special thanks to Sheikh Mohamed Yousuf Naghi, Chairman of Mohamed Yousuf Naghi & Brothers Group and his management team for their continued support and dedication to making this long lasting partnership one of success and prosperity. My team and I look forward to continuing our fruitful relationship to take the BMW Group brands to greater heights in the Kingdom.”
Since 1990, the BMW Group has experienced robust growth and prosperity in the Kingdom with the support of Mohamed Yousuf Naghi Motors, seeing car sales go from 265 in 1990 to a total of 4,239 cars sold in 2014. The partnership started with a showroom and aftersales facility in Riyadh, Jeddah and Al-Khobar. This gave full brand exposure and servicing to the importers customers in the Western, Eastern and Central region.
The next three years saw demand increase considerably, and additional investments were made with the opening of three new pre-owned BMW cars showrooms in Riyadh, Jeddah and Al-Khobar between 1991 and 1993. Fast forwarding to 2004 and a new showroom and aftersales center was opened in Holy Makkah to service customers in the city, in addition to a fast lane service center being built in Jeddah aiming to offer customers precise and flexible scheduling for the maintenance on their vehicle, with the shortest possible turnaround time.
The year 2008 was another significant year for Mohamed Yousuf Naghi Motors, investing SR300 million into expanding and improving infrastructure across all facilities in addition to building the world's biggest BMW Group Service facility and a new showroom and aftersales service center in Holy Madina Al Monawarah, further highlighting the importer's commitment to continually offer its customers the highest quality service.
Between 2009 and 2012 the importer further enhanced infrastructure with new showrooms in Riyadh and three new pre-owned showrooms, covering the Eastern and Western regions, the expansion and refurbishment of its flagship facility in Riyadh on Khorais road and the refurbishment of its main Jeddah showroom, the most historical BMW location in the Kingdom.
In 2014 the regional expansion continued, with the addition of the Al Qaseem showroom and aftersales center in the Central region.
In 2014 Mohamed Yousuf Naghi Motors propelled the BMW and MINI brands to great heights, achieving a stellar annual sales performance with 4,239 vehicles sold across the Kingdom, representing 14% of the Group's total sales in the Middle East and making Saudi Arabia the second biggest market in the region after the UAE. Furthermore, not only was BMW the leading premium brand in the Kingdom, with Mohamed Yousuf Naghi Motors selling more vehicles than any other German premium automotive manufacturer, but Saudi Arabia was also BMW Group's biggest market in the Middle East for BMW 7 Series sales.
Paraskevaides added: “We will be offering our customers a number of exclusive offers throughout 2015 in all of our showrooms across the Kingdom, so we encourage everyone to visit our showrooms to avail these offers.” — SG


Clic here to read the story from its source.