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 14927 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
Skyline Book Fair 2018
The Bremont Waterman
Holiday hair: The best product to keep your locks smelling fresh and protected
ServeU to Take Huge Leap Forward with Smart Cleaning Robots
Emirates celebrates inaugural flight to London Stansted
Chronoswiss' Exclusive Limited Edition Flying Regulator Marks 31st Anniversary o...
Blackberry Key2: An Icon Reborn
Marchon Eyewear Summer 2018 Collections
The Future Takes The Past Tense
CSR Initiatives by Malabar Gold & Diamonds continues in full strength
du Distributes Eid Gifts at Al Jalila Children's Hospital
Consulate General of India Mr. Vipul came as CHIEF GUEST at the blood donation c...
DWTC events drive AED 12.7bn in economic value for Dubai, fuelling record 3.3% c...
Al-Futtaim ACE celebrates Eid with exciting offers and activities
24 hour Mega Sale at Dalma Mall!
Beauty on the Go
Purify Your Skin with Skin Republic
A Sparkling Gift Guide for Eid al-Fitr by Mouawad
Filorga introduces two new additions to its UV-BRONZE range offering a comprehen...
Al Ghandi Auto brings the most Affordable Electric Vehicle - Chevrolet Bolt EV -...
Skin Hydration is one of the primary challenges our skin faces in the UAE
Rapid renewal of smartphone portfolio brings next generation Nokia 5 and Nokia ...
New open-air member of the AMG GT family
Hamdan Bin Mohammed Heritage Center distributes Eidia on first day of Eid
Abu Dhabi Treats Eid Al Fitr Visitors to Shopping Bonanza with 90% Discounts Acr...
iVOOMi Smartphones Enter the UAE Market Exclusively on SOUQ.com
Hamilton Jazzmaster Maestro Auto Chrono
The Summer Just Got Sweeter with the New Palm Candy Collection from Max
Captivate Your Senses with Marks & Spencer's Exclusive Oud Collection
Crowe Horwath announces global rebrand to “Crowe” Sometimes a smart decision i...
Tissot Chrono XL Tour de France Special Edition Cycling just got big
Dubai to Witness the First Ever Jewellery Season With Grand Discounts and Surprises
Stylish men's watch - BU4018-11H - with rose gold case and black dial is a real ...
Great Moments Manero Flyback accompanies Swiss National Soccer Team To Russia
The Rado True Phospho wins 2018 Good Design Award®
The Lacoste Moon Collection
Axalta and Mohamed Naser Al Sayer Toyota Service Body Shop Go Green in Kuwait
Splash's ‘Life After Fashion' Campaign Breathes New Life into Old Garments
Eid Al Fitr, the FIFA World Cup and much more at Danat Al Ain Resort
Zulekha Hospital surgeon saves patient from losing normal hand functions
Eight Tips to Avoid Overindulging this Eid
Summer Romance in the air with Max's new seasonal Collection
Celebrate Eid Al-Fitr with Emaar Entertainment
Medeor 24x7 International Hospital, Al Ain - Quran Competition
DHA Hospitals becomes first in the Emirate to use clip technology by angiography...
Dubai Summer Surprises Calendar of Events Revealed
Ibn Battuta Mall debuts three international kids' shows this Eid Al Fitr and DSS
Celebrate Eid Al Fitr at Dubai Festival City
Liali Jewellery gets the Capillary Technologies boost to enhance customer engagement
Mido Baroncelli - A Trilogy of Limited Editions