Live Currency Rates
 
  Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi- Global auto giants target new deals at Jeddah show  Join our daily free Newsletter

MENAFN - Arab News - 25/12/2012

No. of Ratings : 0
Add to Mixx!


 


Mufareh bin Mohammed Al-Zahrani, director of transport and road affairs of the Western Region, is conducted a tour of Saudi International Motor Show (SIMS) at the Jeddah Center for Forums and Events on Monday.
(MENAFN - Arab News)Mufareh bin Mohammed Al-Zahrani, director of transport and road affairs of the Western Region, inaugurated Saudi International Motor Show (SIMS) - the 34th international event for motor vehicles, SUVs and motorcycles - at the Jeddah Center for Forums and Events yesterday.

Held alongside is Autocare - Saudi Arabia's international event for auto parts, accessories and garage equipment.

Riyad Bank is the show sponsor offering its leasing program and other services to potential buyers and in addition leasing and insurance companies are offering schemes for auto finance, insurance and warranties.

Most of the auto magazines are present at the show covering it extensively for the Saudi and international audience. The event features test drive, modified cars and other activities. The 34th edition will not only display new car models but the launch of new brands as well."

Organized by Al-Harithy Company for Exhibitions (ACE), this is an exhibition for car buyers and enthusiasts alike to take a closer look at the latest models and concept cars.

"Visitors can expect an impressive array of new convenience, connectivity and safety features from world's top manufacturers in vehicles that range from sedans to coupes to luxury cars, 4x4s and SUVs, and hatchbacks to convertibles and mini-vans - from the United States, Europe, Japan, Korea and China," said Zahoor Siddique, VP, ACE.

Saudi Arabia's auto market is large and growing toward more sophistication and manufacturers are betting on its long-term growth.

"Car sales in Saudi Arabia, the Gulf's largest automotive market, are expected to jump over 30 percent from around 676,000 in 2008 to 88,000 in 2013 as the Kingdom remains economically and commercially resilient to the global downturn," he added.

Over 1 billion worth of cars are sold in the Kingdom every year and this figure is increasing by about 27 percent annually.

This made the Saudi government place the development of the automotive sector as one of their prime strategies in the strengthening of its industrial (nonoil) base.

Autocare section is displaying spare parts, tires, lubricants, special vehicles, navigation systems, car care products, car audio and video systems, accessories from China, Turkey and large number of companies from Saudi Arabia representing products and services from worldwide.
The show will continue till Dec.28 and visiting hours daily from 5 p.m. to 10 p.m.

 






  MENA News Headlines
Apr 24 2014Kuwait inflation edges up 2.96% y/y in March ,Arab Times
(MENAFN - Arab Times) Wait city april 23 (kuna): kuwait's annual record of the general index of consumer prices (inflation) rose in march by 2.96 percent compared with the same month of last year ...

Apr 24 2014DPG launches Masat to oversee portfolio ,Khaleej Times
(MENAFN - Khaleej Times) Dubai properties group (dpg) has announced the establishment of masat a new dedicated portfolio management company responsible for overseeing and managing dpg?s built to ...

Apr 24 2014UAE- Shapoorji Pallonji enters final stage on Bloom Central ,Khaleej Times
(MENAFN - Khaleej Times) Leading regional and international construction company shapoorji pallonji has entered the final stage of construction of bloom central project a 25-storey mixed-use ...

Apr 24 2014UAE- Huge turnout recorded at Gitex Shopper's first day ,Khaleej Times
(MENAFN - Khaleej Times) Buyers seek deals on newly launched smartphones the first day of gitex shopper spring edition recorded strong turnout despite the fact that it was a working day and ...

Apr 24 2014Landmark day for Dubai as bourse hits 5100 mark ,Khaleej Times
(MENAFN - Khaleej Times) Bourse hits 5100 mark; dhcog to prepay $555m; govt raises $750m from sukuk it was a landmark day for dubai on wednesday as the emirate made significant progress on ...

Apr 24 2014Kuwait's consumer price rises by 2.96 percent in March ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Kuwait's annual record of the general index of consumer prices (inflation) rose in March by 2.96 percent compared with the same month of last year, the Central ...

Apr 24 2014UN Chief: All Parties in Syria Blocking Aid ,Qatar News Agency
(MENAFN - Qatar News Agency) w York April 24 - The UN Secretary General Ban Ki-moon has accused all parties in Syria's civil war of "flagrant violations" of international law over the delivery of ...

Apr 24 2014Dubai Investments raises foreign ownership cap to 35% ,Khaleej Times
(MENAFN - Khaleej Times) Dubai investments (di) the largest investment company listed on the dubai financial market (dfm) has raised the foreign ownership limit in the company from the existing 20 ...

Apr 24 2014UAE- UPC issues guidelines on underground utilities installations ,Khaleej Times
(MENAFN - Khaleej Times) Abu dhabi has come up with new guidelines for the installation of underground utilities which will also help in cutting costs. the new guidelines would benefit ...

Apr 24 2014SMEs play crucial role in boosting Dubai's growth ,Khaleej Times
(MENAFN - Khaleej Times) Pinsent dec and zawya recommend relaxing lending rules more could be done to enable small and medium-sized businesses to get the finance they need to grow and boost ...

Apr 24 2014Heads of aid agencies urge int'l community to find the courage, will Syrians have plenty of ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Heads of five UN Aid Agencies on Wednesday urged the international community to find the courage and will the Syrian people have to cope with and survive over ...

Apr 24 2014UAE's Emaar profit grows 55 percent in Q1 ,MENAFN
(MENAFN) Net profit of Dubai"s Emaar Properties saw a 55 percent rise in the first quarter of 2014 on growing regional economy, according to Arab News. Emaar profit for the quarter was estimated ...

Apr 24 2014UAE- Investcorp continues expansion ,Khaleej Times
(MENAFN - Khaleej Times) Investcorp a global provider and manager of alternative investment products announced that it has opened a new representative office in abu dhabi. the office is situated ...

Apr 24 2014US says any Palestinian gov't must "unambiguously" commit to nonviolence, existence of Israel ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The US stressed here Wednesday that any Palestinian government must "unambiguously and explicitly commit to nonviolence, recognition of the state of Israel, and ...

Apr 24 2014Arab League hails Palestinian party reconciliation pact ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Arab League chief Nabil Al-Araby has commended the agreement for a national unity government formation reached between the once rival main Palestinian parties, ...

Apr 24 2014Tim Hortons opens at Dubai Chamber ,Khaleej Times
(MENAFN - Khaleej Times) Tim hortons recently celebrated the opening of its newest cafe and bake shop restaurant at the dubai chamber of commerce and industry by the dubai creek. hamad buamim ...

Apr 24 2014Kuwait Social Media Summit kicks off ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The 2nd Annual Kuwait Social Media Summit, kicked off here on Wednesday, is a high-level event which brings together social media experts across the government, ...

Apr 24 2014UAE- Al Maabar hands over 60% units at Moroccan project ,Khaleej Times
(MENAFN - Khaleej Times) Abu dhabi-based real estate developer al maabar said that 60 per cent of the residential units of phase one at its moroccan bab al bahr project have been delivered to its ...

Apr 24 2014UAE- Dh8 billion Emaar bonanza for its shareholders ,Khaleej Times
(MENAFN - Khaleej Times) This includes 15 per cent cash dividend ? equivalent to about dh975 million ? and 10 per cent bonus shares or 650 million shares valued at about dh7. in a step certain ...

Apr 24 2014UAE ranks second in government ICT use index ,Khaleej Times
(MENAFN - Khaleej Times) The report covering 148 countries this year ranks countries in terms of leveraging information and communications technologies to boost national competitiveness. the uae ...

more...


 






Google

 
 

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
Marketwatch News
UPI News
Comtex News

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