GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Automobile

 
  Share
  • Sector set to grow at 5,1% CAGR to be worth SAR 33.6 billion by 2021
  • New women drivers set to drive vehicle sales

Dubai, UAE, December 5, 2017:  The Middle East's premier international trade and networking event, Automechanika, is now headed to Riyadh, capital and largest city of the region's largest automotive market, Saudi Arabia.

With the launch of Automechanika Riyadh, which will open doors for the first time in the Kingdom's capital in February next year, Automechanika has now extended its reach to cover the breadth of the automotive aftermarket in the country.

'The Riyadh edition of Automechanika, will be held every alternate year, interspersed with the Jeddah edition, will give us a wider reach across the Kingdom's vast aftermarket, especially in  the central and eastern regions of the Kingdom. It will also enable international automotive aftermarket brands to gain better access to some of the most important markets and buyers in the country,' said Ahmed Pauwels, CEO of Messe Frankfurt Middle East, who are organising the event in collaboration with Saudi partners, Al-Harithy Company of Exhibitions (ACE).

Zahoor Siddique, Vice President of Ace Group, said: “ACE is pleased to expand its footprint in Riyadh with the launch of Automechanika Riyadh, importantly because Riyadh has the largest number of aftermarket companies in the Kingdom. Also this show will cater to the neighbouring Eastern Province due to its close proximity.”

When the Riyadh edition of Automechanika kicks off in February next year at the Riyadh Centre for Exhibitions, the attention of the regional automotive aftermarket will be fixed on the Saudi capital, with more than 150 exhibitors from 20 countries already signed up to exhibit products and services covering: Parts and Components, Electronics and Systems, Accessories and Customizing, Repair and Maintenance, Tyres and Batteries and Car Wash.

Worldwide interest in the Saudi Arabian automotive sector has surged, given that it is expected to sustain an impressive growth of 5.1% CAGR till 2021, when it is estimated to be worth SAR 33.6 billion in revenues. The total number of vehicles in operation in the Kingdom too, is expected to reach 10.3 million by 2021 from the 2015 level of 7.7 million, incrementally increasing the potential aftermarket.

Another factor that has tremendously excited key stakeholders in the automotive and aftermarket sectors has been the recent Saudi Arabian government decision to allow women to take to the wheel in the Kingdom. This is expected to drive up cars sales in the Kingdom quite considerably.

Currently, women form about 45% of the total Saudi population and about 10 million of them are between the ages of 15 and 64. Additionally, around 65% of the women in the Kingdom, plan to apply for a driving license as soon as the law allows it. Most significantly, around 85% of the women set to take the wheel, are planning to buy cars as soon as they hit the roads.

The resulting growth in vehicle sales - both new and used - is also expected to have a ripple effect on the aftermarket, with significant impact on demand for parts and services, procurement and repair and maintenance.

Spearheading the foray of international brands making their presence felt at Automechanika Riyadh include Launch Partners: MCB, Samir Odeh and O2Proformance. They are joined by big names such as: Japan Toyamoto Corp, Donaldson Europe, ZF Services Middle East and Blinker. The inaugural event has also attracted Country Pavilions from  Germany, Italy, Spain, UK, and China. 

Based our of Riyadh, Samir Odeh is one of the leading provider of parts and components across the transportation, manufacturing and industrial sectors in the Kingdom. The importance they attach to the Eastern and Central Regions of the Kingdom can be deduced from the fact that they have established their headquarters in the Kingdom in Riyadh since 1968.

Ahmed Al Hussaini, the Managing Director for the Gulf region at O2Proformance, said: “We decided to participate at Automechanika Riyadh, as the visitors fit our target market perfectly.  The Kingdom's Central and Eastern regions are hugely important to us, and our product range is specifically designed to meet the needs of the regions' automotive aftermarkets.”

With a total area is 15,000 sqm, the Riyadh Exhibition Centre provides a modern and easily accessed venue, with four halls of different sizes. The complex has independent facilities for each hall for reception and registration services and security arrangements.

Warehouses, temporary storage facilities and dedicated loading and unloading areas are available for the benefit of exhibitors on the eastern side of the complex.



Posted by : GoDubai Editorial Team
Viewed 9925 times
Posted on : Tuesday, December 5, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Ford 2018 Trends Report Underscores How Consumers and Companies March Ahead in Uncertain, Interestin...
Next Story : Jaguar XE SV Project 8 Is World's Fastest Saloon Car, With Record Nürburgring Nordschleife Lap
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
AIGNER Dubai World Cup Timepiece
Celebrate Life and Love with Mouawad Jewelry
MAC - Hyper Real Glow
Mother's Day Gift Guide 2018 For All The Super Mums In Your Life
M∙A∙C Mineralize Total Detox
Introducing Vitabrid C12, a brand-new, proprietary form of active Vitamin C bein...
Target Face, Neck and Décolletage Wrinkles With Labo Transdermic's Anti Wrinkle Range
Skin Republic Launches Monthly Treatment Packs
Combat Hair Loss and Re-grow Your Hair With Crescina HFSC 100% treatment Vials
Jazeera Airways announces FY2017 financial results
A Gift for Everyone on SOUQ.com's Valentine's Day Gift Shop
WIN with Oakley! | 6th - 10th February
Skyline University College Organized One-Day Refresher Course in Management for ...
5 things to know about collagen
LACOSTE Presents 12.12 Chronograph 85th Anniversary Edition
Regulator Classic celebrates the special moment
Fresh Hair in an Instant with SHOW Beauty
PAN Emirates opens its doors in Remal Mall, Al Ain
Decorate the home with United Furniture for the month of love
Women's Week Promises World Class Tennis – Tickets Only 55dhs
PUMA and Sahntell Martin Unveil Debut Collection
Amadeo® Fleurier 39 “Fan”
Italian Food Lab at Gulfood Celebrates Italy's Culinary Heritage and Highlights ...
AI: Human History's Proudest Achievement or Frankenstein?
Hologic Inc announces eight new innovations at Arab Health 2018 to empower women...
Show/Pop-up Event “Pret-A-Cover™ Buyers Lane” to Be Launched in Dubai From March...
World-renowned Air Sculpture Artist Daniel Wurtzel collaborates with LG PuriCare...
Robinsons Honored for Outstanding Store Design
The couple that Zip-line together stay together
True Colours
Mother's Day Gift Guide 2018 from The Little Birdy Group
Hilton Dubai offers a romantic staycation to celebrate Valentine's Day
MB&F M.A.D. Gallery presents aeronautical artwork "Nose Art” by French phot...
Dubai Culture Announces an Exciting Line-up of Artists for SIKKA Art Fair 2018
Dubai Accelerating Momentum Towards Its 2020 Tourism Goals as 2017 Delivers a Re...
Moreish Café in Dubai introduces a healthy Quinoa Burrito
Pearl Rotana Abu Dhabi appoints new General Manager ahead of March 2018 property...
Ounass Pop-Up Shop
Arab Duo Showcase Team's Potential in Final Stage of Dubai Tour
Top 5 Features to be Considered Before Buying your Next Premium TV
German National Tourist Office Dubai appoints Sigrid de Mazieres as new Director...
MEDLAB 2018 provides a platform for the interaction between clinical and laborat...
UAE Team Emirates' Mirza Takes Gold at Asian Cycling Championships
Phenomenal development in falconry racing from small beginnings: HHC Deputy CEO
ADEK takes Innovation Month to the Al Dhafra Region with Special ‘lema?' Programme
UAE Team Emirates Scoop Another Top 10 Finish as Students Fly Flag for UAE Cycling
Infertility on the rise among UAE in the age group of 20-30'
Let's DRYP!
Splash receives 2 awards
WGS 2018: Opening Session Highlights Importance of Embracing Smart Living to Enh...