Jameel Motors brings Chery’s Omoda & Jaecoo brands to Iraq

Jameel Motors won the distribution agreement for Omoda and Jaecoo through a competitive process involving both local and international companies.
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Updated 12 August 2025
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Jameel Motors brings Chery’s Omoda & Jaecoo brands to Iraq

Jameel Motors, a leading provider of mobility solutions and partner of choice to top automotive brands, has been appointed as the official distributor of Omoda and Jaecoo, the automotive brands under the Chery Group umbrella, in Iraq. Jameel Motors won the distribution agreement through a competitive process involving both local and international companies.

This marks a new market entry for Jameel Motors and Omoda and Jaecoo, where they will be tapping into Iraq’s rapidly growing automotive sector, which accounts for 8–10 percent of all imports to the country. With strong demand for new energy vehicles driven by a young, tech-savvy urban population, this agreement supports Jameel Motors’ inorganic growth and multi-brand expansion in the region, while enhancing personal mobility options for Iraqi drivers.

Jameel Motors will initially distribute the Omoda C5 and C7, and the Jaecoo J5, J7, and J8 models, with sales to commence in Q4 2025. Omoda and Jaecoo is part of Chery Group — China’s fourth-largest automaker and among the fastest-growing on the global stage. It has expanded to more than 40 markets, earning international recognition and a global customer base of over 500,000.

Jasmmine Wong, chief executive, Jameel Motors, said: “We are proud to be working with Chery Group to introduce Omoda and Jaecoo to Iraq, a dynamic and increasingly sophisticated automotive market. This collaboration reflects our shared commitment to delivering advanced, sustainable, and design-forward mobility solutions that meet the evolving needs of drivers. Together with Chery Group, we look forward to shaping the future of personal transportation in Iraq.”

Jameel Motors in Iraq will be headed by Kamal Sultan as the country manager. Sultan is a skilled automotive professional with more than 10 years of extensive experience in the Iraqi market. Having played a key role in the growth and network expansion of Toyota Iraq, as well as contributing to Nissan Iraq from its inception, he brings with him strong expertise in sales, after-sales service, and marketing strategies. He has also been instrumental in establishing Geely Iraq, Hongqi Iraq, Sixt Rental Car, and Iraq’s first automotive service chain. His deep industry knowledge and strategic insight make him a valuable leader in Iraq’s automotive sector.

“Launching Omoda and Jaecoo in Iraq marks an exciting new chapter for Jameel Motors,” Sultan said. “With a young and connected population driving demand for premium and technologically advanced vehicles, Iraq presents significant opportunities. We are committed to building a strong local presence with Chery Group’s customer-centric products, to serve this rapidly growing market.”

With a focus on localized operations at its overseas production bases, Chery Group is committed to the sustainable advancement of regional automotive industries through local job creation and the export of intelligent manufacturing standards and management expertise.

Jameel Motors represents some of the world’s most recognized commercial and passenger vehicle brands and has operations in more than 10 countries across the Middle East, Africa, Europe, Asia and Australia. This agreement marks another milestone as Jameel Motors continues to expand internationally and harness innovation for the future of mobility.


SVC invests $1.2bn and contributes to Kingdom’s pole position in VC funding

Updated 1 min 8 sec ago
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SVC invests $1.2bn and contributes to Kingdom’s pole position in VC funding

Saudi Venture Capital Company (SVC) released its annual “Impact Report,” which highlighted SVC’s role in the record growth rates achieved by the Saudi private capital ecosystem in 2025. 

The report emphasized SVC’s impact on the Kingdom's private capital ecosystem (Venture Capital, Private Equity, Venture Debt, and Private Debt) since the company’s establishment in 2018.

The report showed that SVC's total committed investments since its inception have reached $1.2 billion, while its investments have stimulated partner commitments totaling $5.9 billion, or 4.9 times SVC’s commitment. This highlights SVC’s role as a key catalyst and market maker in the private capital ecosystem.

The report indicated that the number of funds backed by SVC increased to 65, while the number of startups and SMEs supported exceeded 1,000 across several vital sectors, including e-commerce, fintech, healthcare, education technologies, transport, and logistics.

Commenting on the report, Nora Alsarhan, Deputy CEO and Chief Investment Officer at SVC, said: “The report highlights the transformative progress happening across Saudi Arabia’s private capital ecosystem as a direct result of the initiatives and goals of the Saudi Vision 2030.” 

She added: “We remain committed to developing investment programs, products, and developmental initiatives based on market needs analysis and aligned with leading global models, which enhance the competitiveness of the Saudi private capital ecosystem, support diversification of the national economy, and help achieve the goals of the Saudi Vision 2030.”

The report showed that SVC’s strategy contributed to the Kingdom’s maintaining its first rank in the MENA region for the third straight year in VC funding in 2025, reaching a historic total of $1.7 billion. This reflects the growth seen across various economic and financial sectors under Saudi Vision 2030, which aims to strengthen the national economy.

The report indicated that the number of venture capital investors has increased sixfold since SVC was founded in 2018, when the number did not exceed 34, reaching 200 in 2025. This reflects the depth of the market and the expansion of the institutional investor base in Saudi Arabia.

The report also highlighted the launch of the inaugural Private Capital Forum, a regional platform to advance dialogue on private capital. The forum brought together 1,070 participants and 59 speakers across 20 sessions, reaching 7.2 million people digitally and generating over 10.5 million media impressions.