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FINANCIAL NEWS
Saudi automotive sector to recover in 2015
21 Jul 2013
(MENAFN) The Saudi automotive sector is expected to witness recovery in 2015 reaching 1,015,187 units of imported automotives, indicating an annual growth of 8-9 percent, reported Arab News.
Increasing demand on automotives during the last two years went up for small passenger cars by 30%, SUVs by 4%, and commercial vehicles by 39.8%.
It’s worth mentioning that Saudi Arabia’s auto imports declined in 2011, affected by natural disasters in Japan and Thailand, to witness an annual increase of only 4.8%.
More News
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
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