Al Majid, Kia to invest $41m in new showrooms
Dubai, April 5, 2010
Al Majid Motors, the sole distributor for Kia passenger vehicles in the UAE, and Seoul-based Kia Motors, plan to invest nearly Dh150 million ($40.8 million) in new showrooms, said a report.
"We are opening a sales, service, spare parts and storage centre in Abu Dhabi's Musaffah area," Shehadeh Ahmad, marketing and business development manager for Al Majid Motors UAE, was quoted as saying in a report in the Gulf News.
With an investment of Dh110 million, the facility will accommodate almost 2,700 vehicles, according to the report.
Plans are afoot to expand the showroom in Dubai before May, while a sales and service centre will be established in Ras Al Khaimah towards the end of 2010, the report added.