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 18172 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
BodyO launches officially its AiPod for a full body check-up during the Gitex Fu...
The World of Aigner Wunderkammer
Halloween “Catwoman” mask using BROW products
Fifi & Friends - Now available at more outlets across the UAE
Corum Heritage Eleganza- Dedicated to the stylish woman
Win up to 250,000 Gold coins at Malabar Gold & Diamonds this festive season
BOLLYWOOD PARKS™ Dubai introduces 11 new shows with a new line up of performance...
Michael Kors to Introduce a Special-edition Whitney Handbag for the Middle East
Dubai's newest social hub - Bar Baar introduces ‘Thela Baar Brunch'
Dubai Shopping Festival Returns With Much-awaited Mega Raffles
Hour Choice presents Coach Park Collection (Suede straps)
Sunglasses Trends for Fall/Winter 2018
Saddle Up With kate spade Fall 2018
Introducing the Nokia 7.1 to the UAE
Scuderia Ferrari Aspire Watch Special Edition Gift Set
W Motors and Safe City Group introduce the BEAST PATROL at GITEX: One of the mo...
CITIZEN Unveils 100th Anniversary Limited Edition Collection
Be Thankful with Tub of Butter This Thanksgiving
Rado DiaMaster Ceramos Automatic
Sharjah Government pavilion highlights digital transformation of Sharjah at GITE...
Neymar Jr. Partners With GaGà Milano as Brand Ambassador
L'oréal Among the Top 10 of Thomson Reuters Diversity & Inclusion Index
Toyota's legendary King goes urban with the 2019 Land Cruiser Grand Touring Edition
Nissan to Make Official On-track Formula E Debut
Trust Corine de Farme for Sulfate-Free Baby Products
Western Digital powers AI-enabled storage for futuristic surveillance and security
HUGO BOSS Watches Jump Collection
Tissot Bella Ora Round Style incarnate
Dubai Festival City Run 2018 to take place on November 9th
Avivo's Ribbon of Life Walk in support of Breast Cancer on 19th October
Healthcare leaders sign in Dubai a Call for Action to raise awareness about ‘sil...
Malabar Gold & Diamonds partners with NBF for the second NBF Fujairah Run
Epson Introduces the New A3 and A4 business inkjet aimed at busy workgroups duri...
Daikin eyes significant expansion of business in the UAE
Dubai Business Women Council witnesses 36.5% growth in total membership since th...
Synx, Pand.ai, and AIMLedge named winners of startAD's Artificial Intelligence V...
Cell Phones, Sporting Goods, and Soon, Cars: Ford Innovates with “Miracle” Mater...
Tazio Nuvolari – Time is legend
Lacoste Kyoto Collection
Rado HyperChrome Diamonds
Jeddah Airport delegation applauds Dubai Customs' experience in facilitating tra...
FBN Next Generation Lombard Odier Award 2018 champions the next generation of en...
Baroncelli Big Date collection from Mido
Swiss Chemicals & Building Material Giant “Sika” Expands Operations in UAE with ...
Dubai Health Authority showcases its smart services at GITEX 2018.
400 UAE residents come together on World Arthritis Day
Roda Al Bustan and Roda Amwaj Suites acclaimed as regional leaders in hospitality
8 Jours Grande Taille a modern take on a classic timepiece
Nawah Energy Company Establishes World's First Nuclear Language Proficiency Standards
T-Mobile and Ericsson sign major $3.5 billion 5G agreement