The automotive industry in Saudi Arabia is one of the most developed in the Middle East It is dominated by three large companies: Saudi Basic Industries Corporation (SABIC) National Industrialization Company (Tasnee) and Yanbu National Petrochemical Company (YANPET) The automotive industry in Saudi Arabia has a value of $30.7 billion and it employs more than 220,000 people
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The automotive industry in Saudi Arabia is one of the most developed in the region The market is dominated by passenger cars which account for around 90% of total sales In recent years the market has been growing rapidly with a compound annual growth rate (CAGR) of around 18% This growth is expected to continue over the next few years with total sales reaching 1.2 million units by 2020.
The automotive industry in Saudi Arabia is one of the largest and most important industries in the country The industry has a total estimated value of SR157.6 billion (US$41.8 billion) and it employs around 400,000 people In 2017 the automotive industry in Saudi Arabia accounted for around 2% of the country’s GDP
The Saudi automotive industry is a rapidly growing sector that is anticipated to play a significant role in the country’s economy In recent years the government has made concerted efforts to develop the automotive sector as part of its broader Vision 2030 strategy to reduce dependency on oil revenues and stimulate economic growth
The automotive industry in Saudi Arabia is booming with numerous foreign companies setting up production facilities in the kingdom in order to take advantage of its lucrative market The government has also announced plans to invest billions of dollars in the sector over the next few years which is expected to create thousands of jobs and further boost growth
The automotive industry in Saudi Arabia is one of the most important industries in the country The sector has been growing rapidly in recent years with production reaching record levels In this article we will take a closer look at the automotive industry in Saudi Arabia including the main players and the challenges faced by the sector
The automotive industry in Saudi Arabia is currently in a state of flux On the one hand the market is growing rapidly with sales forecast to reach 1.5 million vehicles by 2020. On the other hand recent changes to the way that automobiles are distributed and sold in the country are putting pressure on manufacturers and dealers In this article we will take a look at the current state of the automotive industry in Saudi Arabia and explore some of the key challenges and opportunities that it faces
The automotive industry in Saudi Arabia has been booming in recent years thanks to a number of factors including rising incomes government investment and the launch of new models In this article we take a closer look at the industry and explore some of the key players
The automotive industry in Saudi Arabia has seen rapid growth in recent years as the kingdom seeks to diversify its economy and reduce its reliance on oil revenues The market for passenger cars and commercial vehicles is expected to grow by around 7% per year until 2020 making Saudi Arabia one of the world’s most promising automotive markets
The automotive industry in Saudi Arabia is booming and is attracting a number of global players The sector has been identified as a key priority by the government and is expected to grow significantly in the coming years
