Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi- Car rental firms gear up for high earning  Join our daily free Newsletter

MENAFN - Arab News - 27/07/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) R rental shops in Jeddah are gearing up for a flourishing season as many come to enjoy the Eid Al-Fitr vacation in the Bride of the Red Sea.Demand for cars is expected to be high during the Eid next week. Dealers told Arab News that profits earned in high seasons sustain them throughout the year.Falah Hadi an employee at a car rental shop on Palestine Street told Arab News that his office has 70 percent of the company-owned 30 cars rented out days ahead of Eid.He explained that most of the customers come from outside Jeddah. He said 50 percent of these customers come from Riyadh 30 percent from Dammam and the rest from Tabuk Arar Jubail and Yanbu.Rental rates for a small car range between SR130 and SR180 per day and large cars can cost between SR200 and SR350.Said Al-Bassami head of transport and car rentals committee at the Jeddah Chamber of Commerce and Industry (JCCI) told Arab News that the demand for cars in Jeddah will double during the vacation season.He added that car rental companies are having a high season all around the Kingdom. He explained that high demand is resulting in car rental firms competing with each other during the vacation season.The field of car rental companies is growing in light of the economic boost and the renaissance taking place in the Kingdom in all fields Al-Bassami said.He explained that steadily growing tourism is playing a significant role in attracting visitors to the Kingdom during the summer season particularly to cities where festivals are held on the occasion of Eid Al-Fitr.Al-Bassami said that it's normal that prices of car rentals go up during seasons and holidays. 'This is considered a great season for them to make profits and the prices depend on several factors including the model size and type of the car as well as the extent of demand for one car over the others.Small car rental prices range between SR100 and SR140 and the large ones from SR250 to SR400 per day he pointed out.

 


Arab News




  MENA News Headlines
 Aug 2 2015 - Mine Blast Kills One Soldier, Injures Four in Northeast TurkeyQatar News Agency
(MENAFN - QNA) A Turkish soldier were killed and four others were injured in a mine blast in the Turkish northeast province of Kars, security sources said. Turkey's Anadolu Agency reported that ...

 Aug 2 2015 - Turkish Prime Minister Meets HE Qatar's Minister of State for DefenseQatar News Agency
(MENAFN - QNA) Turkish Prime Minister Ahmet Davutoglu met Sunday with HE Qatar's Minister of State for Defense Affairs Major-General Hamad bin Ali Al Attiyah and his accompanying delegation on the ...

 Aug 2 2015 - HE Prime Minister Meets US Assistant Secretary of StateQatar News Agency
(MENAFN - QNA) HE Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa Al-Thani met Sunday with US Assistant Secretary of State for Near Eastern Affairs Anne Patterson and ...

 Aug 2 2015 - Dubai property giant Emaar's profit up 12% in first halfAFP
(MENAFN - AFP) Dubai-based developer Emaar Properties on Sunday reported a 12 percent rise in net profits for the first six months of 2015 due to high revenues from its shopping malls and ...

 Aug 2 2015 - 'Egyptian Industrial Product Preference' regulation will decrease foreign product imports: FEI board memberDaily News Egypt
(MENAFN - Daily News Egypt) The Ministry of Industry and Foreign Trade announced it has finalised an executive regulation of Law 5/2015 to create a preference for Egyptian industrial products in ...

 Aug 2 2015 - Egypt's economy grows 4.7% in first 9 months of FY 2014/2015Daily News Egypt
(MENAFN - Daily News Egypt) Egypt's economic growth rate in the first nine months of fiscal year (FY) 2014/2015 grew by 4.7%, Minister of Planning Ashraf El-Araby said in a Saturday press ...

 Aug 2 2015 - Barclays says its activities in Africa strengthenedDaily News Egypt
(MENAFN - Daily News Egypt) Barclays has increased its contribution to the African market and strengthened its business in South Africa, the bank said in a recently published report.It is working to ...

 Aug 2 2015 - Al-Azhar Grand Imam sends condolences to bin Laden familyDaily News Egypt
(MENAFN - Daily News Egypt) Egypt's top religious institute Al-Azhar sent its condolences to the Saudi bin Laden family, after a plane crash in the UK left three members of the family dead.Al-Azhar's ...

 Aug 2 2015 - Egypt- Al Jazeera re-trial further postponed to 29 AugustDaily News Egypt
(MENAFN - Daily News Egypt) The retrial of Al Jazeera journalists Mohamed Fahmy, Peter Greste and Baher Mohamed has been postponed for the second time, with the verdict now expected on 29 August.The ...

 Aug 2 2015 - Strategic dialogue follows Egypt's strategy to decentralise source of weapons: ResearcherDaily News Egypt
(MENAFN - Daily News Egypt) Egypt's Foreign Minister Sameh Shoukry met with his US counterpart John Kerry in Cairo on Sunday for the strategic dialogue between both countries, the first meeting of ...

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

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
Economic Calendar
Financial Glossary


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


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help