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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
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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