We are absolutely delighted to be entering the Iraqi market through a joint venture with Al- Kasid Group of Companies,” said GB Auto Chief Executive Officer Dr. Raouf Ghabbour. Throughout 2009, we took steps to secure new representations and new markets, of which this agreement is but the most recent.”
GK Auto was created as a joint venture between two major companies: GB Auto which is the leading automotive producer and distributor in the Egyptian market, the company assembles, imports and distributes passenger cars under the Hyundai brand as well as commercial vehicles (buses, trucks and trailers), And Al- Kasid which holds exclusive rights to distribute Hyundai Motor Company (HMC) products in Iraq, where the market for passenger cars is generally estimated as being in the 120,000 to 150,000 units-per year range .GK Auto was formed as a joint venture in a Jordanian free zone, a wholly-owned Iraqi subsidiary of the joint venture shall distribute Hyundai vehicles across Iraq. GB Auto will have full responsibility for the day-to day management, and Al- Kasid will provide existing resources to support the operation. A total sum of US$ 72 million is being invested in this joint venture, to be named Ghabbour Al- Kasid, which is to be owned 50-50 by Al-Kasid and GB Auto.
GK-Auto will not only provide Iraq with a mean of transportation, We will provide Iraq with a respectful brand whose core values is to provide best quality and impeccable service with all values centered on customers satisfaction, respects the diversity of cultures and customs, and strive to become a respected global corporate citizen.
To reach the highest sales and after sales quality world wide and to be a big success story in the Middle East by reaching the highest sales volume in all Hyundai's model range.
To better improve the followed business concept and theories aiming at becoming the leading company in the industry.
To maintain the highest customer satisfaction rate by implementing Hyundai new concepts (Modern Premium), positioning our model range as number one option in the customer's mind, implementing the highest standards for the after sales services, and build relationships based on loyalty and trust between the customer and the brand to guarantee number one position in the market.
Having been in the fast lane, we have always strived to stay a step ahead, which is why, ours is a heritage that has many firsts to its credit. This heritage, which sets us apart from all our competitors, is the basis of our innovative power and claim to quality.
Hyundai provides end-to-end solutions from conceptualization to prototyping & testing. A highly competent team with vast domain knowledge & experience has time & again provided best-in-the-class solutions to the customer, thereby adding more value and giving an extra edge from the competitors.
Regardless of whether they are engineers, computer scientists, technicians, financial experts or sales staff, a cohesive team with their commitment, passion and know-how are the reason for our success. If you think you have what it takes to work with one of the leading independent automotive technology companies, then we would like to hear from you.
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