Market Introduction:
Saudi Arabia's rapidly growing economy and level of industrialization is driving the Saudi domestic demand for private cars and the rapid growth of public vehicles, in addition, a large number of private sector investment in roads, railways and other facilities connected with the outside world, especially in ports and airports. Expanding road construction project is still the preferred means of transport vehicles, so the Middle East, Saudi Arabia to become the largest motor vehicles, auto parts and service equipment market. Currently, construction is booming, construction of large projects to bring millions of dollars of Saudi investment, which is bound to a solid drive various vehicles, such as large trucks and other equipment continued demand.
Also, Saudi Arabia imported vehicles more than 275,000 vehicles per year, worth over 12 billion U.S.. Saudi Arabia is the world's highest per capita car spending one of the countries, Saudi Arabia is the Middle East's largest auto parts and provides related services market in the world, Saudi Arabia ranked fifth. Auto parts suppliers for the Saudi good as a paradise of opportunity. Saudi Arabia is not only the Middle East and Africa in trade close to the largest country, is the largest economy, the fastest growing market! Jeddah is the commercial center of Saudi Arabia, the world's busiest port city in the Saudi economy in a leadership position, geographically and North Africa also has the advantage of Asian countries across the waterfront. Therefore, Saudi Arabia and North Africa often gathered to participate in various business trade event.
SIMS 2009 Saudi automobile and auto parts last show was a complete success. Exhibition area of 13,000 square, attracted more than 100,000 visitors, the exhibition site to sign a contract about 50 billion dollars. Nissan, Ford and Lincoln, Kia, Hyundai, Subaru, Proton, Suzuki, Dong Feng, Sino, King longThe exhibition also shows the new 2010 models available, Nissan, Ford and Lincoln, Kia, Hyundai, Subaru, Proton, Suzuki, Dong Feng, Sino, King long brand cars, including more than 50 agents or dealers to participate in the event.
SIMS 2010 Highlights: A museum setting will allow a more targeted audience to find the target hall.
New Vehicle Show: 2010 Saudi automobile and auto parts exhibition will be for many viewers and potential trading partners showcase the new 2011 vehicle.
Conventional vehicles show: 2010 Saudi automobile and auto parts exhibition will be the first museum established conventional vehicles, the most seductive of traditional vehicles will be displayed in the creative field.
Vehicle maintenance and service: the Gulf countries, Saudi Arabia has the largest car market.4.5 billion passenger vehicles, the Gulf countries, Saudi accounting for more than 20 million. Harsh climate and vast territory to reduce the car's life, also had a huge service market demand. Saudi car market turnover reached 2.5 billion per year, U.S. dollars, the tire market turnover of 40 billion U.S. dollars, the car market reached $ 1.5 billion charge. Commercial vehicles: large & mini commercial vehicle market in Saudi Arabia will continue to experience strong market demand. Saudi rapid population growth and new economic city construction and development will make Saudi Arabia the automotive industry growth rate of 3.9%, exceeding the GDP growth rate. The exhibition will be sponsored by the Saudi Ministry of the strong and support
Saudi car market prospects: Saudi Gazette April 11, 2010 report, Q2 2010 Saudi Arabia, "car" shows that the financial crisis in the global automotive industry stumbled, but the Saudi car market performed well. November 2009 to April 2010, Saudi car sales fell 7 percent, sales of 347,173 units, while a year earlier to 374,720 units. But in November 2009, the decline was 11%, priced at just 41,545 units. Nevertheless, the industry generally believe that, compared to other world markets, the Gulf car market by the financial crisis relatively small extent. 2010 Saudi Arabia car market is expected to be relatively stable, with sales up to $ 17 billion, a slight increase over 2009. 2011-2014 will have a more robust growth in 2014 sales expected to reach $ 21.5 billion.In 2010, Saudi Arabia continue to implement expansionary fiscal policy, the Government will invest in five years $ 400 billion to stimulate the domestic economy. In 2009, the Saudi government funds for public investment projects than the amount of budget expenditures increased by 20 percent to $ 163 billion.In 2010 the new budget, the government budget increased by 8% over last year, reaching $ 176 billion.
Saudi Arabia's rapidly growing economy and level of industrialization is driving the Saudi domestic demand for private cars and the rapid growth of public vehicles, in addition, a large number of private sector investment in roads, railways and other facilities connected with the outside world, especially in ports and airports. Expanding road construction project is still the preferred means of transport vehicles, so the Middle East, Saudi Arabia to become the largest motor vehicles, auto parts and service equipment market. Currently, construction is booming, construction of large projects to bring millions of dollars of Saudi investment, which is bound to a solid drive various vehicles, such as large trucks and other equipment continued demand.
Also, Saudi Arabia imported vehicles more than 275,000 vehicles per year, worth over 12 billion U.S.. Saudi Arabia is the world's highest per capita car spending one of the countries, Saudi Arabia is the Middle East's largest auto parts and provides related services market in the world, Saudi Arabia ranked fifth. Auto parts suppliers for the Saudi good as a paradise of opportunity. Saudi Arabia is not only the Middle East and Africa in trade close to the largest country, is the largest economy, the fastest growing market! Jeddah is the commercial center of Saudi Arabia, the world's busiest port city in the Saudi economy in a leadership position, geographically and North Africa also has the advantage of Asian countries across the waterfront. Therefore, Saudi Arabia and North Africa often gathered to participate in various business trade event.
SIMS 2009 Saudi automobile and auto parts last show was a complete success. Exhibition area of 13,000 square, attracted more than 100,000 visitors, the exhibition site to sign a contract about 50 billion dollars. Nissan, Ford and Lincoln, Kia, Hyundai, Subaru, Proton, Suzuki, Dong Feng, Sino, King longThe exhibition also shows the new 2010 models available, Nissan, Ford and Lincoln, Kia, Hyundai, Subaru, Proton, Suzuki, Dong Feng, Sino, King long brand cars, including more than 50 agents or dealers to participate in the event.
SIMS 2010 Highlights: A museum setting will allow a more targeted audience to find the target hall.
New Vehicle Show: 2010 Saudi automobile and auto parts exhibition will be for many viewers and potential trading partners showcase the new 2011 vehicle.
Conventional vehicles show: 2010 Saudi automobile and auto parts exhibition will be the first museum established conventional vehicles, the most seductive of traditional vehicles will be displayed in the creative field.
Vehicle maintenance and service: the Gulf countries, Saudi Arabia has the largest car market.4.5 billion passenger vehicles, the Gulf countries, Saudi accounting for more than 20 million. Harsh climate and vast territory to reduce the car's life, also had a huge service market demand. Saudi car market turnover reached 2.5 billion per year, U.S. dollars, the tire market turnover of 40 billion U.S. dollars, the car market reached $ 1.5 billion charge. Commercial vehicles: large & mini commercial vehicle market in Saudi Arabia will continue to experience strong market demand. Saudi rapid population growth and new economic city construction and development will make Saudi Arabia the automotive industry growth rate of 3.9%, exceeding the GDP growth rate. The exhibition will be sponsored by the Saudi Ministry of the strong and support
Saudi car market prospects: Saudi Gazette April 11, 2010 report, Q2 2010 Saudi Arabia, "car" shows that the financial crisis in the global automotive industry stumbled, but the Saudi car market performed well. November 2009 to April 2010, Saudi car sales fell 7 percent, sales of 347,173 units, while a year earlier to 374,720 units. But in November 2009, the decline was 11%, priced at just 41,545 units. Nevertheless, the industry generally believe that, compared to other world markets, the Gulf car market by the financial crisis relatively small extent. 2010 Saudi Arabia car market is expected to be relatively stable, with sales up to $ 17 billion, a slight increase over 2009. 2011-2014 will have a more robust growth in 2014 sales expected to reach $ 21.5 billion.In 2010, Saudi Arabia continue to implement expansionary fiscal policy, the Government will invest in five years $ 400 billion to stimulate the domestic economy. In 2009, the Saudi government funds for public investment projects than the amount of budget expenditures increased by 20 percent to $ 163 billion.In 2010 the new budget, the government budget increased by 8% over last year, reaching $ 176 billion.