Saudi automobile sector to grow 30 per cent to post SAR94 billion in sales by 2013

Published December 16th, 2009 - 12:33 GMT
Car sales in Saudi Arabia, the Gulf’s largest automobile market, are expected to jump over 30 per cent from around 676,000 in 2010 to 880,000 in 2013 as the Kingdom remains economically and commercially resilient against the global downturn. Moreover, the increasing availability of credit financing as a result of steady regional market revival is projected to boost domestic car sales from under 50 per cent to over 70 per cent in the next few years.
 
The Saudi automobile market is presently worth around SAR33.75 billion, inclusive of commercial automobiles and transport infrastructure. Sales are expected to grow to SAR69.49 billion next year and swell to SAR94billion by 2013. The Kingdom remains the largest market in the Middle East and fifth in the world for auto parts, accessories, service, and garage equipment. Sustained consumer confidence in the Gulf automobile market and in Saudi in particular is reflected in the strong anticipation towards the 2009 editions of Riyadh Motor Show and Saudi Autoshop, two of the biggest auto industry events in the Middle East.
 
Held under the patronage of KSA Minister of Transport H.E. Dr. Jobarah Al-Suraisry, the show opens today (Saturday, December 12, 2009) and will simultaneously run till December 16, 2009 at the newly-built Riyadh Exhibition Centre.
 
“The past months saw Saudi’s automobile sector managing more than SAR2 billion growth in car sales amidst the global slowdown. The coming year will attract even more purchases as credit becomes increasingly available in light of the Gulf’s proven economic stability. Riyadh Motor Show and Saudi Autoshop provide perfect platforms to reveal the present and upcoming performance, style and pricing options to Saudi and Gulf automobile consumers, businesses and enthusiasts,” said Mohammad Al Hussaini, Deputy General Manager at Riyadh Exhibitions Company.
 
Riyadh Motor Show 2009 – The 27th International Exhibition for Motor Vehicles will focus on passenger cars, station wagons, Sports Utility Vehicles (SUV), pick-up trucks, motorcycles, Special Purpose Vehicles, and 4x4 vehicles. Special automobile financing and insurance packages will also be offered during the event. Saudi Autoshop 2009 – The 13th International Exhibition for Auto Repair Equipment, Tools, Parts and Accessories, on the other hand, will highlight the latest automobile accessories and repair service equipment; gas station equipment; automobile parts; tires, exhausts and batteries; and automobile care products of more than 50 exhibitors.
 
Organised by Riyadh Exhibitions Company (REC), Riyadh Motor Show 2009 and Saudi Autoshop 2009 gathers automobile and automotive companies from the KSA, Turkey, China, Thailand, UAE, Germany, among others. Both events are expected to attract more than 180,000 trade and public visitors and easily post a combined 35 per cent increase in participation over 2007. The Riyadh Exhibition Centre, a four-hall modern international exhibition complex comprising 15,000 sqm of indoor exhibition space and 5,000 sqm of outdoor area, complements the importance of the upcoming shows in dictating the tempo of  the KSA’s automobile and automotive market in 2010.

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