Riyadh Motor Show sees 35pc growth
Riyadh, September 7, 2009
Riyadh Motor Show, one of the biggest auto industry events in the Middle East, expects a growth of 35 per cent in participation this year compared to the 2008 edition.
The event, being organised by Riyadh Exhibitions Company, will be held concurrently with Saudi Autoshop at the newly completed Riyadh International Exhibition Centre from December 12 to 16.
The Middle Eastern automotive sector remains buoyant despite the global financial crisis, driven by a robust GCC market that accounts for an estimated four million passenger cars, more than 1.8 million of which are in Saudi Arabia, said a statement.
The kingdom, currently the biggest automotive market in the region, imported more than SR38 billion worth of cars and spare parts in 2008, while auto sales are expected to further increase by 5 per cent in 2009 to surpass the 545,000 units sold last year, it said.
“Around 60 per cent of Saudi Arabia’s population is made up of young individuals who have a strong interest in automotive vehicles and accessories – a trend that is contributing to the automotive sector's record growth. The Saudi government has also greatly influenced the expansion of the automotive and auto parts sectors by offering attractive financial plans and investment incentives,' said Kamil Al Jawhari, project manager of Riyadh Motor Show.
'These factors open up huge opportunities for dealers, car parts and accessories distributors, retailers and aftermarket service providers. In this regard, the Kingdom will clearly benefit from comprehensive and reputable industry forums such as the Riyadh Motor Show 2009, which will gather all stakeholders to showcase market best practices, trends, products, technologies, and prospects,” added Al Jawhari.
The show will display the latest models of passenger cars, station wagons, Sports Utility Vehicles (SUV), pick-up trucks, motorcycles, Special Purpose Vehicles, 4x4 vehicles, SUV trucks and eco-friendly vehicles. It will also include automobile financing and insurance services.
Saudi Autoshop 2009, an exhibition for auto repair equipment, tools, parts and accessories, will feature the latest automobile accessories and repair service equipment; gas station equipment; automobile parts; tires, exhausts and batteries; and automobile care products from 55 exhibitors within a total of 15,000 sq m of indoor and outdoor exhibition space. – TradeArabia News Service