Mohamed Yousuf Naghi Motors marking 25 years of BMW Group partnership

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Time: July 01, 2018

On Jan. 1, 1990, Mohamed Yousuf Naghi Motors (MYNM) became the official BMW Group importer in Saudi Arabia. The award gave MYNM the legal rights to import and sell BMW Group automobiles.
Twenty-five years on, the importer started celebrating the successful partnership with BMW Group which will continue throughout 2015. A management conference took place on March 9-10, with the attendance of Founder and Chairman Mohammed Yousuf Naghi, chief operations officer of Mohamed Yousuf Naghi & Brothers Group Zouhair Eloudghiri, SVP Automotive Premium Sector of Mohamed Yousuf Naghi & Brothers Group Anees Jamjoom, and MYNM MD Stavros Paraskevaides.
Naghi 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, MD, 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 special thanks to Mohamed Yousuf Naghi, and his management team for their continued support and dedication.”
Since 1990, the BMW Group has experienced robust growth and prosperity in the Kingdom with the support of MYNM, seeing car sales go from 265 in 1990 to a total of 4,239 cars sold in 2014. The partnership started with showroom and aftersales facilities in Riyadh, Jeddah and Alkhobar.
Paraskevaides said: “We will be offering our customers a number of exclusive offers throughout 2015 at all of our showrooms across the Kingdom.”

This article was first published in Arab News

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