Saudi car sales to top 1 million units in 2018
Jeddah, September 11, 2012
New-car sales in Saudi Arabia are projected to cross one million units in 2018 in view of the rapid trade and economic expansion in the Kingdom, according to a study.
Major projects underway in various regions of the kingdom and several other special factors underpin stable and continued growth in Saudi Arabia, distinguishing it from the neighbouring countries, the study said.
Conducted by Specialized Systems for Exhibitions and Conference (EXCS), the study forecast continued rapid growth of the Middle East car market, particularly in the luxury car sector where sales are expected to rise by 15 per cent in 2012 compared to 9 per cent in 2011.
EXCS will host the 6th edition of Luxury Motor Show at the Hilton Hotel in Jeddah from November 6 to 8.
“This year's show will embrace the world's latest, most luxurious and expensive cars, some displayed for the first time in Saudi Arabia,” said Abdullah Alshemasi, director general of EXCS.
The previous five editions of the Luxury Motor Show were hugely successful and higher sales are expected this time around in view of rising demand from expectations of market recovery, he said
"We expect high-class participation again this year since the show is dedicated to an elite and carefully selected audience seeking the latest and most distinctive products from the automotive world,” Alshemasi said.
Saudia Private Aviation (SPA) is sponsoring the Luxury Motor Show. Confirmed participants include Rolls-Royce, Bentley, Mercedes-Benz, Cadillac, Lexus, Lamborghini, McLaren, BMW, Land Rover, Jaguar, Audi, Aston Martin, Porsche, Centennial, Viewmotion and Moda Car. – TradeArabia News Service