Luxurious state-of-the-art features and the latest high tech in cars, coupes, four-wheel drives and sedans are being showcased at an event in Jeddah.

The fourth edition of EXCS International Exhibition for luxurious cars opened at Hilton Jeddah yesterday (October 12), and will end tomorrow.

Each stand of exhibitors featured their latest designs and visitors saw the unveilings of a number show cars and production vehicles.

Among the highlights were Cadillac STS, CL-Class and R-Class from Mercedes-Benz, Audi A8. Lexus IS F, Maserati Award Edition, Aston Martin Rapid, the most expensive car in the world Weizmann, Italian state of art Pagani and Rolls Royce Ghost.

“The exhibition is in response to the market trend and the increasing demand for such luxurious cars; and in spite of the international financial crises the Saudi market did not plummet which is an indication of such dynamic and strong market,” said Abdullah Al-Shamasi, ECO of EXCS.

“The participation in such exhibition is 100 per cent by luxurious cars dealers, whereby visitors can see for the first time cars that never exhibited before including the fastest car worldwide according to Gunnies Record,” Al-Shamasi continued.

As to the luxurious cars market in Saudi Arabia, Al-Shamasi indicated that the Saudi market is the largest in the region, thus 50 per cent of total sales in the Arabian Gulf was sold in Saudi Arabia, 60 per cent of which is luxurious cars.

The market share of luxurious cars in Saudi Arabia is SR30 billion ($8 billion) and as a result prominent manufacturers depend heavily in such market. A total of 500 luxurious cars were sold during 2009 in spite of the international financial crises, he added.

Al-Shamasi indicated that there are more than 20 auto companies are participating in the exhibition with a total value of exceeding tens of millions of Saudi riyals along with specialised firms who received special invitations from the organisers to participate.

"We anticipate 25000 visitors including numerous VIP and dignitaries and others who have special interests in luxurious cars. Last but not least, the visitors shall be able to see the most expensive cars ever some of which is worth SR7 million,” Al-Shamasi concluded. – TradeArabia News Service