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FinancialNews
31-05-21
Car rental brands in Saudi Arabia register double-digit increase despite pandemic
(MENAFN)However, regardless of the Coronavirus pandemic and some of its vehicles being grounded due to travel limits in the lockdown, the company still registered double-digit enlargement, as the last year being its first year of profitability.
Arab News quoted Al-Lawendy as saying that “So it is a little bit contradictory.” Ajar is a subsidiary of Aljomaih Holding and is the master franchisee of the Enterprise, National, and Alamo car rental brands in Saudi Arabia, the Gulf Cooperation Council countries, the Levant, and Austria.
Missouri-based Enterprise Holdings, Inc. is considered the largest car rental company in the world, and Ajar was found in 2015 and started trading in May 2018.
The vehicle rental market in Saudi Arabia is estimated to increase by 7.5 percent per annum amid 2020 and 2026, stated report by the Research And Markets Company.
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