Saudi distributor eyes up Australian opportunity

Robert Barry · 8 May 2023 0 comments

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The privately owned company which has been distributing Toyota vehicles in Saudi Arabia since 1955, Abdul Lateef Jameel, is reportedly viewing the Ateco Group as a possible entry into the Australian market.

According to the Australian Financial Review (AFR), the Saudi conglomerate has made an $800 million bid and has engaged KPMG to pursue the deal.

The AFR says a spokesperson for the Ateco Group has declined to comment on the matter.

The full story can be read here on Autotalk.

Abdul Lateef Jameel Ateco Group Neville Crichton

Robert Barry

Robert Barry has been reporting on the Australasian automotive and transport sector since June 2003. A member of the New Zealand Motoring Writers Guild since 2005, Robert has also previously held the positions of secretary, vice-president and president. His work has appeared in newspapers, magazines, and on the web. He holds a Class 2 and a Class 4 heavy transport licence and knows his way around a manual transmission.

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Saudi distributor eyes up Australian opportunity

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