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2012 ANNUAL REPORT
15
Expanding New Ventures
By expanding its operations through
newly established ventures in Libya and
Algeria, GB Auto is replicating the proven
strategies used in Egypt and Iraq. As the
company develops its presence in Libya
and Algeria, we are actively working to
extend our industry-leading vertically in-
tegrated sales, finance and after-sales sup-
port functions, as well as our unmatched
distribution network and product offering
to these core North African markets.
Growing our Product Portfolio
GB Auto is also looking to expand its
product reach across all countries of op-
eration with new brand representations
and a wider product portfolio. GB Auto
remains the clear partner of choice for
any OEM (original equipment manu-
facturer) and we expect our positive
reputation to help us grow our relation-
ship with current partners as well as
enter into new arrangements with other
leading global brands.
Targeting High-Growth Markets
Going forward, GB Auto will continue to
expand into new high-growth markets,
with the ongoing support of strong,
sustainable growth in Egypt and Iraq.
One of our consistent strengths as a
company is our ability to identify and
capitalize on potential for growth. As we
move forward with the next step of our
regional expansion, we plan to focus on
the opportunity-rich region of Sub-
Saharan Africa.
These activities are part of a three-axis
strategy to maximize growth by:
Expanding New Ventures
Targeting High-Growth Markets
Growing our Product Portfolio