Nissan Says Gulf Strategy Unchanged Despite Geopolitical Challenges

Cartier during a presentation at a company event (Asharq Al-Awsat)
Cartier during a presentation at a company event (Asharq Al-Awsat)
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Nissan Says Gulf Strategy Unchanged Despite Geopolitical Challenges

Cartier during a presentation at a company event (Asharq Al-Awsat)
Cartier during a presentation at a company event (Asharq Al-Awsat)

Nissan Motor Co.’s Chief Performance Officer Guillaume Cartier said the Gulf and Middle East remain central to the company’s growth and profitability despite recent geopolitical challenges, adding that investment plans in the region remain unchanged.

Cartier told Asharq Al-Awsat that the automaker is securing supply chains through alternative logistics routes to ensure the continued flow of vehicles and spare parts, as it seeks to sustain operations in one of its key global markets.

He said Nissan has rerouted shipments in recent weeks to alternative ports, including Jeddah in Saudi Arabia and Fujairah in the United Arab Emirates, while using transit hubs in Sri Lanka and Singapore.

The steps have secured supplies for the next four months, he said, amid continued uncertainty over regional demand.

Cartier described current geopolitical pressures as temporary and said Nissan’s strategic direction in Saudi Arabia and the Gulf remains steady.

He added that the company remains confident in the region’s long-term outlook and will continue executing its plans.

New strategy

Cartier said Nissan’s new strategy hinges on tight alignment across product, market and technology execution.

He said cutting models from 56 to 45 is aimed at boosting efficiency, not reducing market presence.

The strategy focuses on placing the right product in the right market and channeling investment into higher-return models to drive sales volumes.

Customer acceptance of new technologies will be decisive, he said.

Performance and outlook

Cartier said the “Re:Nissan” plan will run through 2026, with a final review in 2027, adding that performance is very positive and ahead of plan following the restructuring that improved efficiency and profitability.

He described Gulf markets, led by Saudi Arabia, as a “golden jewel” among high-value markets, citing Nissan’s strong presence and broad customer base.

The expansion strategy centers on a broad lineup across segments, including SUVs such as Patrol, Pathfinder and X-Trail, alongside models sourced from Japan, China and India.

Saudi Arabia is the region’s largest market, where Nissan already posts strong performance, and the diversified lineup is expected to support further growth, he said.

Regional push

Cartier said Nissan is expanding beyond the Gulf, strengthening its presence in Syria and broadening operations in Iraq as part of a push to widen its regional footprint and tap emerging opportunities.

The move reflects a focus on markets with future growth potential despite challenges, he added.

US, China targets

Nissan aims to sell more than one million vehicles annually in both the United States and China by 2030 by delivering the right product with the right technology, Cartier said.

He said the US strategy will focus on SUVs and hybrid V6 vehicles, while China will see a faster rollout of electric and hybrid models and broader market coverage.

2030 vision

Cartier said Nissan is working toward a distinct global identity by 2030 built on innovation and boldness, integrating technology and design into a new brand promise.

The company is developing vehicles designed to stand out from competitors by combining performance with advanced technologies, he added.

Hybrids and AI

Cartier said Nissan is stepping up investment in its third-generation e-Power hybrid technology, improving fuel consumption, emissions and noise levels.

He said slower-than-expected electric vehicle adoption in some regions makes hybrids a practical option for now, especially in markets such as Saudi Arabia, where infrastructure is still developing.

Artificial intelligence is a core pillar of Nissan’s strategy, with plans to expand advanced driver assistance systems such as ProPILOT to around 90% of production in the future, he said.

The aim is to deliver technology at scale in a practical way that improves customer experience and safety.



Saudi Investment Minister: Our Economy Offers Major Opportunities for French Companies

Saudi Minister of Investment Fahad Al-Saif and France’s Minister of Economy, Finance and Industrial, Energy and Digital Sovereignty, Roland Lescure. Asharq Al-Awsat
Saudi Minister of Investment Fahad Al-Saif and France’s Minister of Economy, Finance and Industrial, Energy and Digital Sovereignty, Roland Lescure. Asharq Al-Awsat
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Saudi Investment Minister: Our Economy Offers Major Opportunities for French Companies

Saudi Minister of Investment Fahad Al-Saif and France’s Minister of Economy, Finance and Industrial, Energy and Digital Sovereignty, Roland Lescure. Asharq Al-Awsat
Saudi Minister of Investment Fahad Al-Saif and France’s Minister of Economy, Finance and Industrial, Energy and Digital Sovereignty, Roland Lescure. Asharq Al-Awsat

Saudi Minister of Investment Fahad Al-Saif said Monday that French foreign direct investment in Saudi Arabia has reached €16.3 billion, noting that France is the Kingdom’s fourth-largest source of FDI.

He added that the presence of French companies in Saudi Arabia now spans more than 18 sectors.

Speaking at the opening of the French-Saudi Investment Roundtable hosted in Paris, which was also attended by Roland Lescure, France’s Minister of Economy, Finance and Industrial, Energy and Digital Sovereignty, Al-Saif said French companies hold around 650 investment licenses in the Kingdom.

This, he said, reflects the extent of French business activity and the growing opportunities available within the Saudi economy.

The meeting is being held as part of the official visit of Crown Prince and Prime Minister Mohammed bin Salman to France. Organized by the Ministry of Investment, it brings together government officials, business leaders, and chief executives from major companies in both countries.

Discussions focus on opportunities to expand partnerships in sectors including industry, transport and logistics, artificial intelligence, and digital infrastructure, among others. New agreements and memoranda of understanding are also expected to be signed.

Energy Tops Areas of Cooperation

The Investment Minister noted that the oil and gas sector is among the industries most likely to benefit from strengthened Saudi-French relations, given the long-standing presence of French companies in the Kingdom’s energy sector.

Cooperation also extends across the broader energy landscape, including renewable energy, hydrogen, and grid infrastructure, while French firms continue to expand their footprint in energy, industry, transport, construction, water, and services.

Energy remains one of the most prominent areas of French involvement in Saudi Arabia, alongside growing opportunities in new sectors closely linked to the Kingdom’s economic diversification drive under Vision 2030.

From Energy and Industry to Artificial Intelligence

The investment partnership between the two countries is increasingly expanding beyond traditional sectors into the new economy, particularly artificial intelligence, digital infrastructure, culture, creative industries, and mining.

The inclusion of these sectors on the roundtable agenda reflects both sides’ efforts to transform established economic ties into investment partnerships in some of the fastest-growing industries, capitalizing on rising demand in the Saudi market and the technological and industrial capabilities of French companies.

French firms are already active in sectors such as transport and logistics, water and environmental services, hospitality, and healthcare. As the Saudi economy continues to expand, additional opportunities are emerging in advanced technology and manufacturing.


IEA: Not Discussing 2nd Release of Strategic Oil Reserves

Strategic oil reserve tanks in Texas (Reuters)
Strategic oil reserve tanks in Texas (Reuters)
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IEA: Not Discussing 2nd Release of Strategic Oil Reserves

Strategic oil reserve tanks in Texas (Reuters)
Strategic oil reserve tanks in Texas (Reuters)

The International Energy Agency is not discussing a second release of strategic oil reserves at this time, IEA chief Fatih Birol told Reuters on Monday.

"Not for the time being," Birol said on the sidelines of an energy conference in Norway ⁠when asked whether ⁠the agency was discussing a second release of strategic reserves.

The IEA is always following the markets "very, very closely", and 80% of strategic reserves remain ⁠after a 400 million-barrel release in March, Birol added.

On gas, Birol expressed concerns Europe's current levels of gas reserves, which are around 62% according to transparency platform AGSI.

The European Union has a target of filling levels to 80% by December 1.

"The stocks are ⁠lower ⁠than historical averages, and we are still hoping to get gas from the Middle East, and at the same time ... Europe has committed itself to nullify the Russian gas imports," he said.

"If we have a harsh winter in Europe, we may have some challenges."


Fewer Than 20 Ships Transited Strait of Hormuz at the Start of the Week

Vessels near the Strait of Hormuz, as seen from Musandam, Oman, August 24, 2026. REUTERS/Stringer
Vessels near the Strait of Hormuz, as seen from Musandam, Oman, August 24, 2026. REUTERS/Stringer
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Fewer Than 20 Ships Transited Strait of Hormuz at the Start of the Week

Vessels near the Strait of Hormuz, as seen from Musandam, Oman, August 24, 2026. REUTERS/Stringer
Vessels near the Strait of Hormuz, as seen from Musandam, Oman, August 24, 2026. REUTERS/Stringer

Fewer than 20 commodity vessels transited the Strait of Hormuz at the start of the week, shipping data showed on Monday, as Iranian and US blockades restrict traffic through the chokepoint for energy shipments.

Four vessels crossed the strait on Sunday, initial data from shiptracker Kpler showed by 0228 GMT, with 13 on Saturday. The figures could change as some ships had switched off transponders on their way through.

That compared with Friday's figure of 16 transits, with two empty very large crude carriers (VLCCs) entering the Gulf with the tracking devices switched off, one heading to Iraq and the other to ⁠Bahrain, the data ⁠showed.

A VLCC carrying 2 million barrels of Emirati crude exited the strait on Thursday.

Eight very large gas carriers transited the strait over the past three days, the data showed, according to Reuters, six of them entering empty while the others carried liquefied petroleum gas (LPG) loaded from Iran and exited the Gulf.

Overall traffic volumes remained suppressed ⁠in the week to August 21, as vessels aborted transit plans or switched routes through the strait's north after attacks, the United Kingdom Maritime Trade Operations (UKMTO) agency said in a report.

A total of 89 vessels exited the strait while 103 entered over the seven-day period, the report, based on Automatic Identification System (AIS) data, showed.

"Traffic remains well below normal levels, with AIS-detected transits approximately 90% below pre-conflict baselines and declining since the June 24 to June 26 peak," it added.

Tanker traffic, at 45% of the total, continued ⁠to dominate movement ⁠through the strait, the agency said. Of these, 56% were tankers that carry crude oil, oil products or chemicals while LPG carriers accounted for a further 24%.

Since July 6, the UKMTO has reported 23 incidents of projectile strikes, leading to bridge, engine-room, and structural damage across vessels in the strait and its vicinity.

A total of 24 commodity vessels sailed through the Bab el-Mandeb strait on Sunday, down from Saturday's figure of 32, which was an increase from 22 on Friday, Kpler data showed.

Two VLCCs entered the Red Sea on Saturday with one carrying Iraqi Basrah crude and the other empty, it showed.