Make MENAFN My Home Page
 
  Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi car imports value USD20b in 2012  Join our daily free Newsletter

MENAFN - 20/06/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN) Saudi Industrial Development Fund (SIDF) reported that #SaudiArabia imports of cars were valued at USD 20.52 billion in 2012 reaching 981.000 cars and totaling a 13 percent in total Saudi imports, according to Arab News.

Saudi imported 679,000 cars per year during in the last seven years (2005-2012), at the annual growth rate of 9.5 percent.

The SIDF's annual report, which dealt with the future of car industry in the Kingdom and its impact on the national economy, cited a number of reasons for the growing demand on cars, including big population growth that stands at 3.7 percent per year, enormous purchasing power and young category of Saudi community, which represents 21 percent of the total population.

 
 


MENAFN




Loading, Please wait....


 





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

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