Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi- Car dealerships: New KSA drive to boost competition  Join our daily free Newsletter

MENAFN - Arab News - 05/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) The Ministry of Commerce and Industry is studying the possibility of increasing the number of car dealers (agents) in the Kingdom as part of efforts to promote competition, local media reported.

The ministry is introducing a series of measures to improve the performance of the car sector as the Kingdom is considered the most attractive auto market in the Middle East, Al-Sharq Al-Awsat daily said.

The Kingdom may also possibly allow global auto makers to open offices and mega sales centers in the Kingdom.

The stronger presence of global giants in some GCC states makes car prices cheaper in those countries than that of local markets, said the sources cited by the report.

The new developments reportedly come on the back of a recent decision announced by the Ministry of Commerce and Industry on preliminary rulings against three car dealers that broke commitments made to customers, the media report said.

Commence and Industry Minister Tawfiq Al-Rabiah earlier set up a penalty enforcement commission aimed to protect customers in terms of car dealers' commitment to supply spare parts, ensure quality and provide the required services.

Mutlaq Al-Hamdan, an expert on car sales on installment schemes, said end prices in the market had recently shown considerable decline following the ministry's decisions on the car services sector.

The Ministry has earlier announce measures to ensure that car dealers, distributors and importers complied with maintenance and guarantee regulations.

The Kingdom has officially invited a number of US auto makers to increase the number of car agents and dealers in the Kingdom.

This step will presumably expand into other Japanese, German and South Korean car manufactures, the media said.

 






  MENA News Headlines
 Aug 29 2014 - Flydubai announces 3 new routes to East AfricaMENAFN
(MENAFN) Flydubai announced the addition of three new East African routes, bringing the total number of destinations in the airline's network to 80, Khaleej Times reported.The launch of the new ...

 Aug 29 2014 - UAE's Danube posts 16% sales growth in H1MENAFN
(MENAFN) Danube Group announced it achieved a continuous sales growth of 16 percent in January-June period, due to the launch of their real estate division, Danube Properties and the re-branding of ...

 Aug 29 2014 - US equity firm set to buy stakes at Dubai's GEMSMENAFN
(MENAFN) Blackstone Group LP, a New York-based private equity firm, is close to a deal to acquire a minority stake in Dubai's GEMS Education, marking its first investment in the Middle East, Arabian ...

 Aug 29 2014 - Burger King's new acquisition will not have effect on ME operationsMENAFN
(MENAFN) Burger King's acquisition of Tim Horton's will not have an effect on the fast food chain's operations in the Middle East, Gulf News reported.According to a statement by Burger King, the ...

 Aug 29 2014 - INMEX and SMM India Global exhibition organizers join forces to launch Indian subcontinents largest maritime eventINMEX SMM IndiaMENAFN Press
(MENAFN Press) INmex & SMM join handsTaking advantage of the expected growth the Indian maritime industry is set to witness over the next six years Informa Exhibitions organizers of INMEX ...

 Aug 28 2014 - New Garcinia Cambogia Extract Whole Body Review By Top Doctors Like Dr OZ Website Launched For Weight Loss and Diet Management And Side Effects InfoMENAFN Press
(MENAFN Press) Palm Bay, U.S. – /PressCable/ - Satisfied Customer Review and TestimonialEver since it was recently introduced to the world on the Dr. Oz television program Garcinia Cambogia has ...

 Aug 28 2014 - The Diabetes Protocol ReviewCan Dr.Pullmans Treatment Really Reverse DiabetesMENAFN Press
(MENAFN Press) Read this honest review of Dr. Pullman's eBook and reveal how effective is this diabetes treatment. Additionally find out if this will be a risk investment or not? Here is the good ...

 Aug 28 2014 - Ronn LucasVentriloquism Fun Facts Weekly SpecialMENAFN Press
(MENAFN Press) Celebrity Dummies serves as the largest seller of ventriloquist dummies in the area of Tampa FL nowadays. The company is well known in the different parts of the country at the ...

 Aug 28 2014 - HVAC-Connect.com Launches Affiliate ProgramBeneficial Opportunity For HVAC Refrigeration 038 Plumbing Industry In The United States and CanadaMENAFN Press
(MENAFN Press) HVAC Connect is the most complete and advanced HVAC Plumbing and Refrigeration business directory and is fully integrated with Social Medias.MONTREAL CANADA August 28 2014. HVAC ...

 Aug 28 2014 - Thomas Wyroba Iconic Artist and Arts Educator Passes AwayMENAFN Press
(MENAFN Press) Tom Wyroba Iconic Artist and Arts Educator— Dedicated His Life To Mentoring a New Generation of Art Students —(Miami) August 28th 2014 - Born into an iconic family of artists and ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help