Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi- Car dealerships: New KSA drive to boost competition  Join our daily free Newsletter

MENAFN - Arab News - 05/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) The Ministry of Commerce and Industry is studying the possibility of increasing the number of car dealers (agents) in the Kingdom as part of efforts to promote competition, local media reported.

The ministry is introducing a series of measures to improve the performance of the car sector as the Kingdom is considered the most attractive auto market in the Middle East, Al-Sharq Al-Awsat daily said.

The Kingdom may also possibly allow global auto makers to open offices and mega sales centers in the Kingdom.

The stronger presence of global giants in some GCC states makes car prices cheaper in those countries than that of local markets, said the sources cited by the report.

The new developments reportedly come on the back of a recent decision announced by the Ministry of Commerce and Industry on preliminary rulings against three car dealers that broke cmmitments made to customers, the media report said.


Commence and Industry Minister Tawfiq Al-Rabiah earlier set up a penalty enforcement commission aimed to protect customers in terms of car dealers' commitment to supply spare parts, ensure quality and provide the required services.

Mutlaq Al-Hamdan, an expert on car sales on installment schemes, said end prices in the market had recently shown considerable decline following the ministry's decisions on the car services sector.

The Ministry has earlier announce measures to ensure that car dealers, distributors and importers complied with maintenance and guarantee regulations.

The Kingdom has officially invited a number of US auto makers to increase the number of car agents and dealers in the Kingdom.

This step will presumably expand into other Japanese, German and South Korean car manufactures, the media said.

 


Arab News




  MENA News Headlines
 Sep 26 2016 - The Euromoney Kuwait Conference: Meeting the Challenge of Financial Innovation and ReformMENAFN Press
(MENAFN Press) Kuwait City - 27 September The 8th annual Euromoney Kuwait Conference takes place today on 27 September 2016, at the JW Marriott Hotel in Kuwait City. Co-hosted by the Ministry of ...

 Sep 26 2016 - Oil Industry Must Focus on Sustainability, Says Top Petroleum Development Oman ExecutiveMENAFN Press
(MENAFN Press) Ms Intisaar Al Kindi to Represent Innovative Oman Oil Producer at Middle East’s Largest Oil & Gas Event Industry Transition and Resilience Set the Agenda for ADIPEC 2016 Abu ...

 Sep 26 2016 - Moderate quakes rattle Japan no injuries or damage reportedSaudi Press Agency
(MENAFN - Saudi Press Agency) TOKYO, 25 Dhu-AlHijjah,1437 AH, 26 September,2016 , SPA -- A pair of moderate earthquakes rattled northern and southern Japan on Monday, but there were no immediate ...

 Sep 26 2016 - Pakistan launches polio vaccination drive amid tight securitySaudi Press Agency
(MENAFN - Saudi Press Agency) Islamabad, 25 Dhu-AlHijjah,1437 AH, 26 September,2016 , SPA -- Pakistan on Monday launched a three-day national anti-polio campaign to vaccinate around 37 million ...

 Sep 26 2016 - Israeli occupation forces open fire on Palestinian homes in GazaSaudi Press Agency
(MENAFN - Saudi Press Agency) Gaza city, 25 Dhu-AlHijjah, 1437,September 26, 2016, SPA -- Israeli occupation forces targeted and opened fire on Palestinian homes, east of Khan Yunis in the southern ...

 Sep 26 2016 - Kingdom of Saudi Arabia participates in International Conference on Atomic Energy in ViennaSaudi Press Agency
(MENAFN - Saudi Press Agency) Vienna, 25 Dhu-AlHijjah, 1437,September 26, 2016, SPA -- The International Conference on Atomic Energy today opened its 60th session in the Austrian capital Vienna. ...

 Sep 26 2016 - Governor of Jeddah receives US Consul General in JeddahSaudi Press Agency
(MENAFN - Saudi Press Agency) Jeddah, 25 Dhu-AlHijjah, 1437,September 26, 2016, SPA -- Prince Mishaal bin Majed bin Abdulaziz, Governor of Jeddah, received here today United States Consul General in ...

 Sep 26 2016 - Saudi- Prince Miteb bin Abdullah bin Abdulaziz Receives Poland's AmbassadorSaudi Press Agency
(MENAFN - Saudi Press Agency) Riyadh, 25 Dhu-AlHijjah, 1437,September 26, 2016, SPA -- Prince Miteb bin Abdullah bin Abdulaziz, Minister of the National Guard, received here today Ambassador of ...

 Sep 26 2016 - Chinese stocks close below 3,000-mark after period of stabilitySaudi Press Agency
(MENAFN - Saudi Press Agency) Beijing, Dhu-AlHijjah 25, 1437, September 26, 2016, SPA -- Chinese shares fell below the symbolic 3,000-point mark on Monday, following months of greater stability and ...

 Sep 26 2016 - Saudi Food and Drug Authority bans import of poultry meat and eggs from TogoSaudi Press Agency
(MENAFN - Saudi Press Agency) Riyadh, 25 Dhu-AlHijjah,1437 AH, 26 September,2016 , SPA -- Saudi Food and Drug Authority has imposed a temporary ban on the import of poultry meat, eggs and their ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help