Temsa Global signs a partnership agreement with Zahid Tractor

Temsa Global signs a partnership agreement with “Zahid Tractor” to serve the Saudi market with stellar buses

Jeddah, March 2010: Zahid Tractor, a leader in the vehicle and heavy equipment sector of high quality trucks, tractors and buses, is participating at the PMV Show 2010 as an Event Partner alongside SAGIA and King Abdullah Economic City, which takes place at Jeddah Gate 7-9 March 2010.

In addition to the large grouping of equipment and services provided during this important show, Zahid Tractor will launch a unique transport collection of TEMSA Global, a pioneer in the manufacture of high-quality buses. This follows an agreement appointing Zahid Tractor as the sole strategic agent and distributor of TEMSA buses in Saudi Arabia.

Amr Khashoggi, Vice President Corporate Affairs of Zahid Group of Companies stated: “Our substantial sponsorship of the PMV Show is a natural continuation of our commitment to providing the best in class of products and services to the Saudi Market and to supporting our projects and the investments of our valued customers in all sectors of business and commerce.”

Khashoggi further said: “Partnering with TEMSA Global lays the foundation to giving us the opportunity to provide a truly unique menu of the highest quality buses to the Saudi Market comprised of 16 different models, manufactured to the highest European standards of comfort, operation and safety. TEMSA name has been coupled with a brand that symbolizes leading distinction, and we intend through our partnership to create awareness and recognition in the Saudi market.”

The Saudi market presents many promising opportunities for business and investments, which has prompted TEMSA to choose Saudi Arabia as a launching pad to initiate its regional presence, and choosing a strong partner with a long history of commerce and trade that spans more than 200 years in the country. TEMSA is well established in more than 50 countries around the world, and a high delegation of corporate executives will attend the Show.

Mr. Ayhan Dayoglu, General Manager of Temsa Global in Egypt commented on the dealership agreement by saying: “the Saudi market represents to us one of the outstanding markets of the Middle East and Africa region, especially with the positive growth rates and various business and investment opportunities in this vast market”.

He added: “our choice of ‘Zahid Tractor’ to become our partner in the Saudi market did not come as a whim, as this company possesses a strong and respectable name and reputation in the Saudi market, which makes us confident that all ‘Temsa Global’ operations will witness vast developments. On our part, we will always seek to give the best services and models to the Saudi market, in which we are working on building a strong and lasting relationship in various business sectors”.