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Follow on Google News | New Market Research Report: Saudi Arabia Autos Report Q4 2010New Transportation research report from Business Monitor International is now available from Fast Market Research
Industry insiders are generally upbeat about the outlook. Kamil al Jawhari, project manager of the Riyadh Motor Show, says the country has 'a highly attractive automotive market'. He adds the economic environment has helped 'consolidate' this reputation, given the continued growth in sales in 2009, and the pick-up in growth thus far in 2010. Al Jawhari added that demand for vehicle parts and maintenance services are on the rise with unit sales. However, BMI notes that in a possible global double-dip recession, the damage to international demand and confidence would probably suppress oil prices somewhat, as well as demand for other Saudi exports and hunger for investment in the country. While the scenario is unlikely, a return to the poor growth of the late 1980s and early 1990s that restricted Saudi's development is not impossible. Analysts and businessmen have told BMI that liquidity remained relatively tight in mid-2010, despite low base interest rates. This is unlikely to have a drastic effect on the Saudi auto market, as many units are purchased outright other than with credit, but it may have a drag effect on growth, particularly at the bottom of the market where credit purchases tend to be more prevalent. Inflation is another issue, as it erodes disposable income, and given the riyal's dollar peg and SAMA's limited armoury to tackle the issue, it may be a concern to the sector. On the production side, the first domestically designed and produced car could be on sale in Saudi Arabia within three years if investors can be found, according to the King Saud University (KSU), it was reported in June. BMI believes establishing a production base in the region's largest car market could create the right environment for the segment to develop. Risks aside, BMI believes Saudi Arabia is one of the more promising markets to choose for a production base in the Gulf Co-operation Council (GCC) region. As the biggest passenger car market in the region, it has the strong domestic demand that BMI rates in emerging markets, while the government is keen to diversify away from the oil sector. The Saudi Clusters Programme (SCP), an official body, has identified automotive as one of five key industries it focuses on developing. While the Ghazal project is still in very early days, if successful, it could help stimulate the growth of the Saudi automotive sector by generating demand for components and support services. Experience shows that successful automotive industries must develop strong supply chains, with suppliers setting up or expanding near the new or growing vehicle plants. For more information or to purchase this report, go to: - http://www.fastmr.com/ Report Table of Contents: Executive Summary SWOT Analysis - Saudi Arabia Auto Industry SWOT - Saudi Arabia Political SWOT - Saudi Arabia Economic SWOT - Saudi Arabia Business Environment SWOT Regional Overview - Change Ahead For The GCC - Trouble In South Africa And Turkey, Uncertainty In Iran - Impact On Production Business Environment Ratings - Table: Middle East And Africa Business Environment Ratings Industry Forecast Scenario - Table: Saudi Arabia Automotive Sales Macroeconomic Forecast Scenario - Table: Saudi Arabia - Economic Activity Competitive Landscape - Market Trends - Dealerships - Table: Saudi Arabia Auto Sector - Key Players - Production - Commercial Vehicles - Industry Developments - Chinese Brands - Luxury Cars - Automotive Finance - Women And The Saudi Car Market - After-Sales Business Company Monitor - Regional Case Study: Nissan Motor - Production - Table: Nissan MEA Production Facilities - Sales - Table: Nissan MEA Distributors Company Profiles - Abdul Latif Jameel Group - Al-Jazirah - Aljomaih Automotive Company - Al-Hamrani - Arabian Vehicles And Trucks Industry Country Snapshot: Saudi Arabia Demographic Data - Section 1: Population - Table: Demographic Indicators, 2005-2030 - Table: Rural/Urban Breakdown, 2005-2030 - Section 2: Education And Healthcare - Table: Education, 2003-2005 - Table: Vital Statistics, 2005-2030 - Section 3: Labour Market And Spending Power - Table: Employment Indicators, 1999-2006 - Table: Consumer Expenditure, 2000-2012 (US$) BMI Methodology - How We Generate Our Forecasting Model - Sources About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. # # # Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. End
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