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Follow on Google News | Market Report, "Saudi Arabia Autos Report Q2 2011", publishedNew Transportation research report from Business Monitor International is now available from Fast Market Research
The Saudi government is likely well prepared to weather any Shi'a uprising. So far the situation does not look fundamentally threatening for the regime, as protests among the largest Sunni population have been more muted and less radical. Furthermore, the state has unveiled a massive spending spree as it tries to retain the support or at least quiet disengagement of much of the population. US$37bn will be spent in the near future on improved social services and benefits for the public. This large amount of money is likely to boost spending, particularly for the poorer elements of society. Given the importance of car ownership in Saudi, this is likely to lead to a wave of new car purchases. The market for family cars in Saudi Arabia has continued to grow, as the population grows significantly. It is expected that the population of Saudi Arabia will increase 39.2% to 36.5mn people by 2030. This growth is expected to lead to a boost in sales for family cars, as Saudi families increasingly prefer to purchase smaller, more compact cars rather than indulging in the sizeable gas guzzlers which have long dominated Saudi auto purchases. This is a significant change in the Saudi market, though it remains to be seen whether this will continue over the longer term. Sales for General Motors Company (GM) grew by 54% in Saudi Arabia in 2010. The Saudi market was not the only market in the region to see significant growth for the firm's sales - sales grew, for example, by 37% in Qatar - but Saudi Arabia is the largest market for GM in the Middle East. The company is also partially owned by the Saudi businessman HRH Prince Alwaleed Bin Talal. The firm reported the 2010 total sales growth as it also reported that total sales across the Middle East reached 8,312 for January alone. A joint Saudi Arabian and South Korean project to develop car manufacturing capability has continued, with the project receiving the full investment required. Soon after the program was announced by King Saud University and Digm Automotive Technology, the remaining 55% stake was picked up by the Al- Muwakaba for Industrial Development & Overseas Commerce (MIDROC). The agreement will see the creation of an organisation dedicated to creating production capabilities in Saudi Arabia for automobiles and automobile parts. All three partners have sacrificed 30% of their shares in order to receive state funding and support, which will be essential for the project to be fully funded, despite the US$500mn which has been raised privately from each of the three partners. South Korean advice is seen as particularly important for the project to succeed, particularly given that the business plan for the company depends on successful exports to other Arab states. For more information or to purchase this report, go to: - http://www.fastmr.com/ Report Table of Contents: SWOT Analysis - Saudi Arabia Auto Industry SWOT - Political SWOT Analysis - Economic SWOT Analysis - Business Environment SWOT Analysis Regional Overview Business Environment Ratings - Table: Middle East And Africa Business Environment Ratings Industry Forecast Scenario - Table: Sales - Table: Other Indicators Macroeconomic Forecast Scenario - Table: Saudi Arabia - Economic Activity Competitive Landscape - Market Trends - Dealerships - Production - Industry Developments - Chinese Brands - Luxury Cars - Automotive Finance - After-Sales Business Company Monitor Company Profiles - Abdul Latif Jameel Group - Al-Jazirah - Aljomaih Automotive Company - Al-Hamrani - Arabian Vehicles And Trucks Industry Country Snapshot: Saudi Arabia Demographic Data - Section 1: Population - Table: Demographic Indicators, 2005-2030 - Table: Rural/Urban Breakdown, 2005-2030 - Section 2: Education And Healthcare - Table: Education, 2003-2005 - Table: Vital Statistics, 2005-2030 - Section 3: Labour Market And Spending Power - Table: Employment Indicators, 1999-2006 - Table: Consumer Expenditure, 2000-2012 (US$) 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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