Middle East Economic Survey

VOL. XLVII

No 24

14-June-2004

Abu Dhabi-VW Leasing Partnership May Develop Into Major Production Venture

On 26 May Germanys Volkswagen Group (VW), the Mubadala Development Company, which is owned by the Government of Abu Dhabi, and private Saudi Arabian company Olayan Group signed an agreement to purchase the Netherlands LeasePlan Corporation, which is the fourth largest car leasing operation in the world. The proposed structure of the deal will give the Abu Dhabi...