Kuwait Automotive Imports Co - Al Ahmadi

Block 9,Street 202,Al Ahmadi, Al-Ahmadi Governorate,Kuwait.

  • +965 23987985
Share :

Description

The discovery of oil in Kuwait in 1929 led to the rapid modernization and development of the country. This development and the growing wealth of the people brought about a demand for motorization. Recognizing opportunity, and wanting to be part of the development taking place at the time, the Al-Shaya and Al-Sagar families, two of the prominent merchants families in the country, decided to form Kuwait Automotive Imports Co KAICO.Established in 1936, KAICO started with the dealership of the Ford Motor Company in Kuwait. However, this partnership between KAICO and Ford ended in 1966 with the Arab Boycott decision, at which time, the company chose to give up what was a lucrative dealership.The story of KAICO, however, doesn’t end there. In fact, that was only the beginning.The company, as we know it today, began with Mr. Saleh & Mr. Ahmed Al-Shaya at the helm. They took over the company in 1960, and over the course of the next 13 years, successfully expanded and guided it to become a major player in Kuwait’s automotive market.In 1973, Mr. Abdullah Al-Shaya was appointed Managing Director of KAICO. It was during his tenure that the company expanded further. Mr. Abdullah Al-Shaya retired from day-to-day management in 1998. However, he continues at the company as an advisory capacity, and KAICO continues to benefit from his years of knowledge and experience.Taking over from Mr. Abdullah Abdul Latif Al-Shaya, Mr Yousef Al-Shaya, the current CEO of KAICO, began his career in the company. Through dedication and hard work, Yousef Al-Shaya rose to the post of Assistant General Manger in 1989, eventually becoming CEO in 1998.KAICO entered the 21st century with a lot of zeal and enthusiasm.KAICO has grown tremendously as an organization - including many new brands under it\'s portfolio and the year 2012 has seen KAICO expand business avenues further in Kuwait and the GCC as well.

Location

ADD RATINGS Post Comment

Leave a Comment

Free Listing

Location