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Nissan gears up: Thierry Sabbagh on regional growth, Kicks and key wins

Sabbagh shares how the brand is staying ahead through bold product rollouts, digital innovation, and the company’s strategic new roadmap

Neesha Salian
Neesha Salian

16 May, 2025

Nissan gears up: Thierry Sabbagh on regional growth, Kicks and key wins
Image: Supplied

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Nissan in the Middle East reported a year-on-year increase in sales across the Middle East for the first nine months of its financial year (April- December 2024), a strong performance when compared to the brand’s global performance and automotive headwinds.

Thierry Sabbagh, divisional vice president and president – Middle East, Saudi Arabia, CIS – Nissan & INFINITI, recently spoke to Gulf Business to discuss the key drivers behind the brand’s regional success and star models, its new global strategy, the evolving role of digital transformation, and how Infiniti is carving a space in the premium segment. Here are excerpts of the chat.

Nissan recorded a 24 per cent year-on-year increase in sales between April and December. What were the key factors driving this growth, and how has the region responded? Why are you so optimistic about the future?

I think it’s important to put Nissan’s performance in context. We’ve been present in this region for more than 70 years, and over that time, we’ve built not only strong partnerships but also significant brand equity. Across most Middle Eastern markets today, Nissan is a well-established, trusted brand with high demand.

A few years ago, we set a clear vision focused on delivering novelty and relevance to this region. That means ensuring all the products we bring here are not only in demand but also tested under local conditions to guarantee top quality and engineering excellence.

As part of our regional strategy, we committed to introducing five new SUVs to the region by FY 2026.

This fiscal year alone, we launched three key models:

  • The iconic Nissan Patrol, which we unveiled globally right here in Abu Dhabi — reinforcing our commitment to the region.
  • The all-new Nissan Kicks, a bold compact SUV that generated strong buzz.
  • The Nissan Magnite, a compact SUV that was originally introduced in India and is now gaining popularity here.

We plan to introduce two more new products in this cycle. So the first pillar of growth is definitely bringing the right products to market.

Secondly, we’ve placed a strong emphasis on customer centricity — not just around the vehicles but the entire ownership experience. We’ve invested heavily in our digital platforms to ensure a seamless omnichannel experience, whether the customer journey begins online or in our showrooms.

Third, customers are increasingly excited about advanced features. With the new Patrol, we introduced technologies, including NissanConnect 2.0 powered by Google, which provides an intuitive and connected driving experience and ProPILOT, which enables advanced driver-assistance techology for safer and more relaxed journeys.

And finally, we owe a lot to our partners in the region — highly professional, committed, and progressive — who deliver a premium customer experience across the board.

Despite challenges globally, Nissan is performing strongly in this region. Why is the Middle East an outlier?

There’s no doubt the global auto industry has faced serious challenges in recent years — from chip shortages to logistics crises — and most OEMs have struggled. But Nissan has a clear global turnaround plan. And when it comes to this region, the outlook is bright.

We have introduced Re:Nissan, a recovery plan that implements decisive and bold actions to enhance performance and create a leaner, more resilient business that adapts quickly to market changes. With a fresh focus under new management, Nissan is reassessing its targets and has conducted a comprehensive review of key initiatives, introducing further measures to ensure a strong recovery.

Globally, with Re:Nissan, the company targets a total cost savings of 500bn yen versus fiscal year 24 actuals in fixed and variable cost savings. These savings will establish a framework to secure operating profitability and free cash flow in the automotive business by fiscal year 2026.

This strategy will further power our growth in the Middle East.

The automotive market in the region has grown around 9.3 to 10 per cent. We’re seeing supportive national visions from governments in the UAE and Saudi Arabia, which are accelerating development and investment. We’ve positioned ourselves to ride that momentum.

Because we have a trusted brand, strong equity, and committed partners, our voice at the global table is getting louder. Nissan is making targeted investments in this region — bringing in the right products, features, and technologies to meet evolving customer needs.

And it’s not just about volume growth — though that matters. We’re also focusing on customer satisfaction and brand strength. We actively measure both and have seen consistent improvements. When satisfaction and brand equity go up, volume tends to follow naturally.

Can you share how Infiniti is performing, especially in the premium segment that’s so important in this region?

Absolutely. Nissan Motor Corporation is fully committed to Infiniti. It’s a niche global brand, present in select markets like the US, China, and the Middle East.

We began repositioning Infiniti a few years ago with the launch of the Infiniti QX60, which helped us re-establish the brand in the luxury SUV space.

This year, we took a major leap forward with the launch of the all-new Infiniti QX80 — a complete redesign offering best-in-class features, from luxury design and technology to unmatched driving dynamics. We’ve seen strong traction for it in the region.

Equally important, our partners have invested in upgrading their facilities to the Infiniti IREDI 4.0 standard, offering a premium experience that matches the expectations of luxury customers.

Tell us about Nissan’s progress in key areas powered by your regional strategy.

  1. Product expansion — with a focus on SUVs, a segment that’s growing rapidly. SUVs now make up 54 per cent of our mix. The Nissan X-Trail has seen an 11 per cent increase in volume, and the Nissan Xterra has grown by 33 per cent. We’re also strengthening offerings with models like the Kicks, Magnite, and Patrol.
  2. Market presence — We’re expanding actively. For example, we’ve re-entered the Iraqi market, where our partners have invested in four new facilities, including three full 3S centres.
  3. Sustainability and future mobility — We’re collaborating with regional governments to shape the future of mobility. We’re aligning our regional strategy with Nissan’s global sustainability commitments.

Electrification and driverless tech are key focus areas. How is Nissan advancing these in the Middle East?

Nissan was an EV pioneer — we launched the Nissan LEAF in 2010, making us the first global brand to commercialise EVs at scale.

Globally, we’ve committed to being carbon neutral by 2050, and by 2030, the majority of our products will be electrified.

In the Middle East, EV adoption is growing but still faces challenges, particularly range anxiety. Combustion engines continue to dominate, especially in areas where infrastructure is still maturing.

That said, we are carefully studying market readiness. We’re bringing in hybrid options and advanced connected vehicle technologies like ADAS (advanced driver assistance systems) and Google built-in, and we’re laying the groundwork for wider EV adoption when the time is right.

We’re committed to bringing the right technologies at the right time — balancing innovation with customer readiness.

Gen Z travel trends: Here’s what matters to young UAE travellers

According to the report, the top motivator for Gen Z travellers is to unwind and disconnect (32 per cent ), followed by exploring new cultures and seeking adventure

Gulf Business
Gulf Business

16 May, 2025

Gen Z travel trends: Here’s what matters to young UAE travellers
Image: Getty Images/ For illustrative purposes

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A recent study from Wyndham Hotels & Resorts uncovers some exciting insights into how Gen Z travellers in the UAE are approaching travel.

From cultural connections to digital tools, this next generation of explorers is redefining travel as we know it.

Here’s a look at the key trends shaping their journeys.

1. Social media as the travel guide

For UAE’s Gen Z, social media platforms like Instagram and TikTok are not just for entertainment; they’re key tools for travel inspiration. In fact, 26 per cent of Gen Z travellers in the UAE say that these platforms are their biggest travel influences, helping them decide where to go, what to do, and how to get there.

2. Self-planned, AI-assisted travel

Gone are the days of relying solely on travel agents. Gen Z is all about self-planning. A staggering 79 per cent of UAE Gen Z respondents either already use or are excited to use AI tools to design their dream getaways, putting the power of travel planning at their fingertips.

3. Purposeful travel

For this generation, travel isn’t just about taking a break; it’s about purpose. The top motivator for travel is to unwind and disconnect (32 per cent ), followed by exploring new cultures and seeking adventure. This trend reflects a broader shift towards experience-first travel that contributes to personal growth and development.

4. Women are leading the charge

Gen Z women in the UAE are travelling internationally at a higher rate than their male counterparts. 54 per cebt of women have travelled abroad in the last six months, compared to just 34 per cent of men.

This trend highlights the growing independence and mobility of young women in the region, who are eager to explore the world on their own terms.

5. Travel is a priority, not a luxury

Travel has become an essential part of life for many young UAE residents. Gen Z is proving that they’re willing to cut back on material goods to make room for experiences that offer personal meaning and cultural connection.

In fact, 41 per cent of Gen Z respondents in the UAE travelled internationally in the past six months, with many prioritising travel over other expenses.

6. The desire for authentic, culturally immersive stays

When it comes to accommodations, Gen Z wants to stay somewhere that offers more than just a bed. 63 per cent of UAE Gen Z respondents prefer hotels that reflect local culture, whether it’s through design, food, or curated experiences.

This generation is looking for a deeper connection to the places they visit, and they’re gravitating toward brands that are rooted in the local community.

7. Eco-conscious travel choices

Sustainability is a top priority for Gen Z, both in terms of the environment and the experiences they seek. More than half (55 per cent ) of Gen Z respondents in the UAE choose sustainable transport options, and over a third (36 per cent) actively look for eco-friendly hotels when booking their stays.

This generation is seeking out destinations and properties that align with their values and contribute to a lower environmental footprint.

Read: Saudi travel demand grows in early 2025, shows report

Chinese investment bank CICC opens branch in Dubai’s DIFC

CICC is positioning the new Dubai branch as a two-way investment banking gateway between China and the Gulf region

Gulf Business
Gulf Business

16 May, 2025

Chinese investment bank CICC opens branch in Dubai’s DIFC
Image: Dubai Media Office

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Investment bank China International Capital Corporation (CICC) has officially launched its branch at Dubai International Financial Centre (DIFC), strengthening China’s financial presence in the Middle East, Africa, and South Asia (MEASA) region.

Operating under China International Capital Corporation Hong Kong Securities and trading as CICC (DIFC Branch), the new office holds a category 4 license and is regulated by the Dubai Financial Services Authority (DFSA).

CICC’s entry into DIFC comes amid deepening economic ties between China and the UAE, and further underscores Dubai’s growing role as a hub for Chinese financial institutions.

Currently, around 30 per cent of Chinese firms operating in DIFC are Fortune 500 companies.

Dubai a top destination for Chinese investments

“Dubai and DIFC remain a top destination for Chinese investments, further accentuated by a surge in interest from banks, wealth and asset management firms, large corporations, and insurance sector market players,” said Essa Kazim, governor of DIFC. “We are delighted to welcome CICC to DIFC, bolstering the strategic relations between the UAE and China.”

Kazim added that DIFC provides a well-developed ecosystem designed to support Chinese businesses looking to scale across MEASA, and pointed to growing synergies between China’s strengths in research and technology and Dubai’s ambition to lead in artificial intelligence through initiatives such as the Dubai AI Campus.

Chen Liang, chairman of CICC, said the launch of the CICC DIFC Branch is a “significant milestone” in the bank’s international expansion strategy. “CICC remains committed to delivering innovative financial solutions that facilitate cross-border capital flows and foster deeper economic ties between China and key global markets,” Chen said. “

From UAE, a key gateway for the Gulf region, we will build tailored solutions to serve regional clients’ evolving needs while supporting Chinese enterprises seeking strategic opportunities abroad,” he added.

CICC to enable two-way investment banking gateway

CICC is positioning the new Dubai branch as a premier two-way investment banking gateway between China and the Gulf region.

The bank plans to work closely with sovereign wealth funds, financial institutions, and major corporations to structure cross-border investments and facilitate greater participation in China’s capital market projects.

Founded as China’s first joint venture investment bank, CICC has been instrumental in the development of China’s capital markets. It combines global best practices with deep local expertise across investment banking, asset management, FICC (fixed income, currencies, and commodities), wealth management, and private equity.

It operates globally through offices in Hong Kong SAR, New York, London, Singapore, Frankfurt, and Tokyo.

With the DIFC launch, CICC is seeking to deepen financial ties under China’s Belt and Road Initiative, while expanding its influence in the region’s financial services ecosystem.

Gold set for worst drop in six months: Find out why

Bullion has lost 3.3 per cent so far this week and is set for its worst weekly performance since November 2024

Reuters
Reuters

16 May, 2025

Gold set for worst drop in six months: Find out why
Image credit: Getty Images

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Gold prices dropped on Friday and were poised for their steepest weekly decline in six months, as a stronger dollar and waning trade war concerns dampened its appeal as a safe-haven asset.

Read-Gold prices fall: What’s hampering its safe-haven appeal?

Spot gold was down 0.8 per cent at $3,213.56 an ounce, as of 0429 GMT. Bullion has lost 3.3 per cent so far this week and is set for its worst weekly performance since November 2024.

US gold futures shed 0.3 per cent to $3,217.20.

Dollar gain

The dollar has gained 0.4 per cent for the week so far and was headed for its fourth straight weekly gain, making greenback-priced gold more expensive for overseas buyers.

“Gold prices faced heavy selling pressure this week as markets cheered (a) de-escalation in the US-China trade (war),” said Ilya Spivak, head of global macro at Tastylive.

Tit-for-tat tariffs

Earlier this week, the US and China agreed to temporarily slash the harsh tit-for-tat tariffs imposed in April.

Meanwhile, data showed US producer prices fell unexpectedly in April and retail sales growth slowed.

Consumer prices rose less than expected in April, a report showed.

Trade policies

On Thursday, Federal Reserve Governor Michael Barr said the US economy is on solid footing with inflation heading to the central bank’s 2 per cent target, but trade policies have clouded the outlook.

Markets are pricing in 57 basis points of rate cuts this year, with the easing projected to start in September.

Gold, traditionally seen as a hedge against economic and political uncertainties, thrives in a low-rate environment.

“On the plus side, gold price dips continue to attract buyers which shows that the precious metal remains a favoured asset, with the global growth and inflation outlooks still looking rather murky,” said KCM Trade Chief Market Analyst Tim Waterer.

Spot silver fell nearly 1 per cent to $32.37 an ounce, platinum was down 0.5 per cent at $984.83 and palladium lost 1.2 per cent to $956.43.

UAE President Sheikh Mohamed holds talks with US President Trump; visit highlights

The leaders reviewed bilateral ties and explored ways to expand cooperation across sectors including investment, energy, advanced technology, artificial intelligence, and industry

Gulf Business
Gulf Business

16 May, 2025

UAE President Sheikh Mohamed holds talks with US President Trump; visit highlights
Image: WAM

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UAE President Sheikh Mohamed bin Zayed Al Nahyan held talks with US President Donald Trump in Abu Dhabi on Thursday, focusing on strengthening the longstanding strategic partnership between the UAE and the US, state news agency WAM reported.

The discussions took place at Qasr Al Watan during President Trump’s state visit to the UAE, where he was officially received by Sheikh Mohamed.

The leaders reviewed bilateral ties and explored ways to expand cooperation across sectors including investment, energy, advanced technology, artificial intelligence, and industry.

In remarks during the meeting, Sheikh Mohamed welcomed the US President and highlighted the significance of the visit in furthering cooperation at all levels. He commended Trump’s efforts since taking office to enhance UAE-US relations, stating that both countries share a common vision of progress and prosperity.

The two leaders also discussed regional and international developments, stressing the need to contain regional escalation, which they identified as a threat to security and stability, WAM reported.

Image courtesy: WAM

President Trump praised Sheikh Mohamed’s leadership and said bilateral ties have reached new heights and continue to grow stronger. The two leaders also marked the launch of a 1GW artificial intelligence cluster, to be housed within a new AI campus in Abu Dhabi.

President Trump signed the guestbook at Qasr Al Watan, expressing his appreciation for the warm welcome and reaffirming the strategic nature of US-UAE relations. He wished the country and its people continued progress and prosperity.

To mark the occasion, Sheikh Mohamed hosted a dinner banquet in honour of President Trump and his accompanying delegation.

President Trump awarded Order of Zayed

During the visit, Sheikh Mohamed bin Zayed Al Nahyan also awarded the Order of Zayed — the UAE’s highest civilian honour granted to heads of state — to US President Donald Trump in recognition of his efforts to enhance cooperation between the UAE and US.

Image courtesy: WAM

The award also reflects the UAE’s pride in the close and longstanding partnership between the two countries.

US President’s visit to Sheikh Zayed Grand Mosque

President Trump also had the opportunity to visit the Sheikh Zayed Grand Mosque in Abu Dhabi, accompanied by Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council.

Image courtesy: Abu Dhabi Media Office

The visit started with a stop at the mausoleum of the late Sheikh Zayed bin Sultan Al Nahyan, where the US President and his accompanying delegation paid tribute to the UAE’s Founding Father and reflected on his enduring legacy.

US President Donald Trump lands in Abu Dhabi, received by UAE President Sheikh Mohamed

The visit of US President to the UAE marks a milestone in the nearly five-decade-long diplomatic relationship between the two nations

Gulf Business
Gulf Business

15 May, 2025

US President Donald Trump lands in Abu Dhabi, received by UAE President Sheikh Mohamed
Image: Win McNamee/Getty Images

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US President Donald Trump has landed in Abu Dhabi. He was received by the UAE’s President Sheikh Mohamed bin Zayed Al Nahyan.

President Trump is on the last leg of his Middle East tour, which included stops in Saudi Arabia and Qatar.

According to state news agency, WAM, the US leader was also welcomed by a delegation, which included Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and National Security Adviser; Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs; Sheikh Mohammed bin Hamad bin Tahnoon Al Nahyan, Advisor to the UAE President; Dr Ahmed Mubarak Al Mazrouei, Chairman of the President’s Office for Strategic Affairs and Chairman of the Abu Dhabi Executive Office; Khaldoon Khalifa Al Mubarak, Chairman of the Executive Affairs Authority; and Yousef Al Otaiba, UAE Ambassador to the US, along with a number of senior officials.

Air Force One was met by a ceremonial escort of military jets in honour of his visit. The squadron leader radioed the aircraft to request permission to accompany it to the Presidential Airport, extending a warm welcome to President Trump on behalf of the UAE, WAM reported.

Trump’s visit marks key milestone

The visit of US President to the UAE marks a milestone in the nearly five-decade-long diplomatic relationship between the two nations.

The visit, described by White House press secretary Karoline Leavitt as a “historic return to the Middle East”, is aimed at deepening collaboration across development, economy, trade, security, and innovation.

The UAE and the US established diplomatic ties in 1971 and opened embassies in 1974.

The US is the UAE’s leading trade ally

The UAE is the US’s top trading partner in the Middle East and North Africa, with non-oil trade reaching $32.8bn in 2024.

It is also a major investor in the US, with investments estimated at $1tn across sectors like aviation, advanced tech, energy, and AI.

The two nations are advancing joint efforts in artificial intelligence through multiple high-profile collaborations. These include Microsoft’s $1.5bn investment in UAE-based G42, and the establishment of the first AI integration centre in Masdar City by World Wide Technology and NXT-Global.

A framework for AI cooperation was also announced in September 2024, followed by the launch of the “Responsible AI Foundation” and the formation of the AI Infrastructure Partnership, aiming to mobilise up to $100 billion in capital.

In the energy sector, UAE’s ADQ and US-based Energy Capital Partners have committed $25bn in joint investments in US power generation projects.

Space cooperation is also expanding. Building on the UAE’s 2021 Hope Probe mission, the UAE is contributing to NASA’s Lunar Gateway project with a crew airlock module and plans to send its first astronaut to lunar orbit by 2030.

This landmark visit underlines the shared commitment of the UAE and US to a future of sustainable growth, innovation, and strategic cooperation.

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