Bosch Middle East concluded its 2022 fiscal year with €476m in consolidated sales.
The global supplier of technology and services registered a growth of 21{470a194d391afe0dcd139ab6e124d2ab766783b27f0c34e59b7fd52773fed158} compared to 2021.
Regional strategy drives business growth
Bosch has suggested that contributions to this major increase can be directly attributed to the Building Technology, Mobility, Consumer Goods and Energy business sectors.
Industry reports have suggested that the Middle East’s economy is expected to grow as a result of diversification efforts, supported by national visions and strategies driven by governments.
The region has been witnessing significant growth across multiple industries, increasing the demand for innovative technology.
Per Johansson, General Manager of the Bosch Middle East, said: “We are pleased with the strong performance achieved in 2022.
“We thank our dedicated team whose commitment to deliver innovative solutions, has been instrumental in our success.”
“Driving growth through our technology”
The number of associates employed by Bosch Middle East was approx. 465 as of 31 December 2022.
“As we build upon our achievements in the Middle East, we are excited to outline our strategic outlook for 2023,” Johansson added.
“Bosch remains optimistic about the future and is committed to driving growth through our technology that is ‘invented for life’ and improving the quality of life.
“We aim to achieve significant sales growth also in 2023 and to accelerate growth even further in the coming years.”
Bosch Middle East
Bosch Group in the Middle East is a fully owned subsidiary of Robert Bosch GmbH, which has been operating in the Middle East for several decades.
The Bosch Group in the Middle East is a supplier of technology services across the Automotive Aftermarket, Power Tools, Home Comfort Group, Building Technologies, Engineering and Business Solutions, Drive & Control Technology and Home Appliances business units within the Middle East region.
