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FinancialNews


  • 21-07-13

    Saudi automotive sector to recover in 2015

    (MENAFN) The Saudi automotive sector is expected to witness recovery in 2015 reaching 1,015,187 units of imported automotives, indicating an annual growth of 8-9 percent, reported Arab News. Increasing demand on automotives during the last two years went up for small passenger cars by 30%, SUVs by 4%, and commercial vehicles by 39.8%. It's worth mentioning that Saudi Arabia's auto imports declined in 2011, affected by natural disasters in Japan and Thailand, to witness an annual increase of only 4.8%.

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